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795 Michigan Rd
Plymouth, IN 46563

$2,500,000 USD

Service Station For Sale  •  5,314 SF

Property Details

  • Property Type Service Station
  • Total Building Size 5,314 SF
  • Lot Size 2.17 AC
  • Building Class C
  • Year Built 1981
  • Cap Rate 7.02 %
  • Tenancy Multiple
  • Zoning C
0 Transit Score
24 Walk Score

Highlights

Multi-tenant Phillips 66 Service Station & Arby's Quick Service Restaurant
Moody's Credit Rating: Phillips 66 - Baa1 & Inspire Brands (Arby's Parent Company) - B2
Two (2) Triple Net Leases; both tenants still in their 20-year lease term with attractive options to extend their lease term
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
Recently Renewed 5-year Lease From Arby’s showing commitment to the location

Property Flyers

Cap Rate: 7.02 %

Major Tenants

Tenant SF Occupied Lease End Date
Arby's
Phillips 66

Amenities

  • 24 Hour Access
  • Corner Lot
  • Pylon Sign

Public Transportation

AirportDriveWalkDistance
South Bend International 39 min - 23.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Kaylan Knitowski 954-312-1676 Franklin Street
Kaylan Knitowski 954-312-1676 Franklin Street