10180 Diebold Rd - Restaurant FOR SALE


Fort Wayne, IN 46825- North Fort Wayne
$3,575,000 USD
317-218-5316
10180 Diebold Rd, Fort Wayne, IN for Sale
$3,575,000 USD
Restaurant - FOR SALE
1/8
null | 7.5% Cap Rate

10180 Diebold Rd
Fort Wayne, IN 46825
North Fort Wayne


HIGHLIGHTS

  • Long-Term Lease: The subject property offers a 15-year absolute triple-net lease upon close of escrow.
  • Prime Retail Corridor Location: Located off of E Dupont Road, a major retail corridor and main thoroughfare that experiences +/-30K VPD.
  • Zero Landlord Responsibilities: This Giordano’s investment offers an incoming investor a complete passive investment opportunity with a NNN lease.
  • Affluent Demos: The Property is located in an area of Fort Wayne that has an average household income of +/-100K in a 3-mile radius.
  • Surrounded by New Developments: In the last 24 months, this corridor has seen new multi-family and retail shopping center developments.

OVERVIEW

The Klink Group of Marcus & Millichap, in conjunction with Acadia Commercial, is pleased to present for sale the Giordano’s located in Fort Wayne, Indiana. Built in 2020, the Subject Property is located off the intersection of Diebold Road and E Dupont Road, which is one of the busiest and highly-traveled corridors in the entire city and experiences +/-30,000 VPD. The immediate area is filled with numerous local, regional and national retailers, apartment complexes, and medical and traditional office buildings and directly across the street is the Parkview Health Campus, a +/-1M-square foot medical and hospital complex spanning 260 acres. The Property sits on 1.41 acres and in the entrance of a commercial development that contains Meijer, Smoothie King, Qdoba, Holiday Inn Express, Mike’s Car Wash, Valvoline and other retailers. This Giordano’s is being offered as an absolute, triple-net lease investment that will have a brand-new, 15-year lease signed upon closing; offering any incoming investor long-term investment passivity with zero landlord responsibilities. The lease contains 1.50% annual rental escalators throughout the base term of the lease and during each of the two, five-year renewal options; offering an increased return on the investment year-over-year. This is a great opportunity to own a passive, long-term, net-lease investment in a submarket that is experiencing accelerated residential and commercial growth.

FOR SALE DETAILS

PRICE

$3,575,000 USD

PRICE/SF

$645 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Giordano's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

02-08-05-200-004.005-063

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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