4730 Grape Rd - Restaurant FOR SALE


Mishawaka, IN 46545
$2,025,000 USD
215-603-6914
4730 Grape Rd, Mishawaka, IN for Sale
$2,025,000 USD
Restaurant - FOR SALE
1/5
null | 8.5% Cap Rate

4730 Grape Rd
Mishawaka, IN 46545


HIGHLIGHTS

  • Triple-net (NNN) lease structure with the tenant responsible for all maintenance, including roof and structure
  • Situated on a sizable 1.93-acre lot, the property presents significant longterm redevelopment opportunities
  • Located on a shared lot with Lowe’s Home Improvement, the property benefits from complementary traffic patterns and exceptional visibility
  • Located just 2.6 miles from the University of Notre Dame, the property benefits from a steady flow of visitors, students, and local residents
  • Conveniently positioned near major transportation routes, including Interstate 80/90 and Route 23
  • King Crab Cajun Seafood operates under a 10-year, 6-month triple-net (NNN) lease with 7 years remaining, offering market rent at $23 per square foot

OVERVIEW

CBRE is pleased to exclusively present for sale this 7,500-square-foot King Crab Cajun Seafood Restaurant property located at 4730 Grape Road, Mishawaka, Indiana. Opened in 2021, the property features a triple-net (NNN) lease with King Crab Cajun Seafood, backed by a personal guarantee. The initial 10-year, 6-month lease term offers 7 years of remaining tenancy, with two additional 5-year renewal options and built-in 10% rental increases every 5 years. At a market rent of $23 per square foot, the property provides reliable income and opportunities for long-term value growth in the South Bend–Mishawaka metropolitan market.

FOR SALE DETAILS

PRICE

$2,025,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

King Crab Cajun Seafood Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

C-1

APN/PARCEL ID

71-04-33-251-007.000-005

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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