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Beef-A-Roo 2401 E Center St 3,256 SF Retail Building Warsaw, IN 46580 $2,190,000 ($672.60/SF) 9.23% Cap Rate
Investment Highlights
- 18 Years Remaining on Absolute NNN Lease-Tenant is responsible for all expenses at the property (RETaxes, Insurance, Roof, Structure, Parking Lot)
- 4x5 Renewal Option Periods with 2% annual rental increases
- Strong Traffic & Retail Presence-Surrounded by various local, regional and national retailers and experiences +/-22,000 VPD
- Annual Rental Escalators-2% annual rental increases during base term (12.92% Cap Rate @ Year 20)
- Next to Hard-Corner, Signalized Intersection-Main corridor location and direct access to US-30
Executive Summary
The Klink Group of Marcus & Millichap is pleased to present for sale the Beef-A-Roo, a long-term, absolute NNN lease investment, in Warsaw, Indiana.
The offering represents an opportunity to acquire an absolute NNN-leased quick-service restaurant with 18 years of remaining term and zero landlord responsibilities. The tenant, Beef-A-Roo, Inc., operates under a proven and expanding Midwest concept, combining strong brand recognition with an aggressive growth strategy. The lease is structured with 2% annual rental increases throughout the base term and each of the four, five-year renewal option periods, providing investors with a reliable hedge against inflation and consistent income growth. The lease is backed by both a corporate guaranty from Elysian Capital during the lease term and a personal guaranty through 2029.
The offering represents an opportunity to acquire an absolute NNN-leased quick-service restaurant with 18 years of remaining term and zero landlord responsibilities. The tenant, Beef-A-Roo, Inc., operates under a proven and expanding Midwest concept, combining strong brand recognition with an aggressive growth strategy. The lease is structured with 2% annual rental increases throughout the base term and each of the four, five-year renewal option periods, providing investors with a reliable hedge against inflation and consistent income growth. The lease is backed by both a corporate guaranty from Elysian Capital during the lease term and a personal guaranty through 2029.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,256 SF
Building Class
C
Year Built/Renovated
1970/2026
Price
$2,190,000
Price Per SF
$672.60
Cap Rate
9.23%
NOI
$202,137
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.77 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $383,600 | |
| Land Assessment | $209,000 | Total Assessment | $592,600 |
Property Taxes
Parcel Numbers
Land Assessment
$209,000
Improvements Assessment
$383,600
Total Assessment
$592,600
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Beef-A-Roo | 2401 E Center St
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