1919 Lincolnway E - Restaurant FOR SALE


Goshen, IN 46526
$1,250,000 USD
317-775-0807
1919 Lincolnway E, Goshen, IN for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/3
null | 7.24% Cap Rate

1919 Lincolnway E
Goshen, IN 46526


HIGHLIGHTS

  • Located along the main retail thoroughfare in Goshen
  • Anchoring Menard's Home Improvement Store drew combined 940,000 visits over previous 12-month period (placer.ai)
  • Full Access to Lincolnway East (19,510 VPD)

OVERVIEW

Passive Investment opportunity as tenant maintains CAM, Insurance, and building maintenance. Over 6-years of term remaining with rental increases in 2027. Strong personal guaranty from experienced restaurant operator. Rare anchored outparceled Goshen's premier retail corridor. Upside in develop opportunity at lease expiration. El Rancho Viejo operates 7 locations throughout northern Indiana and Michigan.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Rancho Viejo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

CROSS STREETS

Eisenhower N Dr

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

Commercial

APN/PARCEL ID

20-11-23-251-006.000-015

ASK ABOUT THIS PROPERTY

James CloudmetaCREMore Info
317-775-0807

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James CloudmetaCREMore Info
317-775-0807

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.