For Sale
$2,811,000
5809 Franklin StMichigan City, IN 46360
- Added:
- Dec 11, 2024
- Days on market:
- 119
Highlights
- Brand new 15-year Chick-fil-A lease with 12 five-year renewal options; 7.5% rent increases every five years.
- Absolute NNN lease; land ownership (leased fee interest); zero landlord responsibilities.
- Strong location near major shopping centers (Lake Park Plaza, Dunes Plaza, Marquette Place) and national retailers (Walmart, Lowe's, etc.); dense trade area with significant residential population.
- Drive-thru Chick-fil-A on Franklin Street; excellent visibility and access; near I-94.
- Strong demographics: 42,700 residents and 25,500 daytime employees within a 5-mile radius; average household income of $80,390.
Property Details for 5809 Franklin St
- Property type
- Retail properties, Restaurants
- Square Feet
- 5,222 SF
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Units
- 1
Location Insight
- City
- Michigan City
- County
- LaPorte
- State
- Indiana
- Latitude
- 41.6679906
- Longitude
- -86.8946563
5809 Franklin St, Michigan City, Indiana
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 5809 Franklin St Michigan City, IN.
- What is the asking price?
- The asking price for this property is $2,811,000.
- What are key features of this property?
- This property features: Brand new 15-year Chick-fil-A lease with 12 five-year renewal options; 7.5% rent increases every five years.; Absolute NNN lease; land ownership (leased fee interest); zero landlord responsibilities.; Strong location near major shopping centers (Lake Park Plaza, Dunes Plaza, Marquette Place) and national retailers (Walmart, Lowe's, etc.); dense trade area with significant residential population.
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