Your email has been sent.
795 Michigan Rd 5,314 SF 100% Leased Retail Building Plymouth, IN 46563 For Sale
Investment Highlights
- Two NNN Corporate Leases; Recently Renewed 5 Years
- Property renovated in 2010, full repavement in 2025
- Strong Demographics AHI $82,000+
- 7.45% Cap Rate
Executive Summary
• Two NNN corporate leases; Phillips 66 Service Station & Arby's
• Strong Demographics - Average Household Income in Excess of $82,357 within a 5-Mile Radius
• Property is across the street from a well-performing McDonald's and the next QSR is over 5 miles away
• Inspire brands owns Arby’s, Dunkin, Buffalo Wild Wings, and other brands with a market cap of $29.5 billion in 2024.
• Recently Renewed 5-year Lease for Arby’s and Phillips 66 Service Station showing commitment to the location
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $55.53
- Triple Net
- Dec 2030
Arby's began in Boardman, Ohio, in 1964, founded by Forrest and Leroy Raffel as a fast-food sandwich concept built around roast beef. The company operates as a sandwich restaurant chain within Inspire Brands, with a menu centered on slow-roasted roast beef, turkey, and premium Angus beef sandwiches, along with salads, sides, and beverages. The company has expanded beyond its original roast beef focus while maintaining a franchised restaurant model and a presence across the United States and select international markets.
-
- Retailer
- -
- $20.84
- Triple Net
- Apr 2031
With numerous years of experience, Phillips 66 are well positioned to help fulfill global energy needs. They are a diversified energy manufacturing and logistics company with unique businesses in Refining, Midstream, Chemicals, and Marketing and Specialties. Their company comprises a number of heritage, joint venture and acquired brands. In the decade since Phillips 66 became a standalone company, it has written a number of new chapters in its history. The company has pursued ambitious infrastructure projects that helped cement the company’s leading positions in the crude and natural gas liquids value chains, and it has shared its success, returning billions to shareholders. And it stayed steadfast and relentless in its vision of providing energy and improving lives.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $55.53 | Triple Net | Dec 2030 | |
|
|
Retailer | - | $20.84 | Triple Net | Apr 2031 |
Property Taxes
| Parcel Number | 50-52-95-404-424.000-010 | Improvements Assessment | $380,800 |
| Land Assessment | $128,900 | Total Assessment | $509,700 |
Property Taxes
