102 E Rudisill Blvd - Retail FOR SALE


Fort Wayne, IN 46806
$839,660 USD
765-293-2933
102 E Rudisill Blvd, Fort Wayne, IN for Sale
$839,660 USD
Retail - FOR SALE
1/6
null | 8.25% Cap Rate

102 E Rudisill Blvd
Fort Wayne, IN 46806


HIGHLIGHTS

  • Corporate Credit tenant – Family Dollar Stores of Indiana, LLC, subsidiary of Family Dollar, Inc.
  • Top-performing Family Dollar in the area (#1 out of 8 locations per Placer.AI)
  • Recently exercised renewal option with One, 5-year option available.
  • Family Dollar reports sales with a healthy rent-to-sales ratio below 4%.
  • Adjacent grocer tenant maintains common areas at their sole cost, including parking lot, sidewalks, landscaping, and snow removal.
  • Long-term operating history of 40 years.

OVERVIEW

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a Family Dollar property located at 102 E Rudisill Blvd, Fort Wayne, IN. The subject property is leased to Family Dollar Stores of Indiana, LLC, a subsidiary of Family Dollar, Inc., and ranks as one of the top-performing stores in the area. Family Dollar has operated at this location for over 40 years and recently exercised a renewal option, with one five-year option remaining. Family Dollar reports store-level sales, providing clear performance transparency. The 9,159 SF building sits at a signalized corner with excellent visibility and dual access. Sharing a multi-tenant strip, that includes cross parking, with a national tenant Rent-A-Center and a well know supermarket in the Fort Wayne area, Mi Tierra. Surrounding national retailers include CVS, McDonald’s, and BP, highlighting a strong retail corridor. The roof is brand new with a 20-year warranty, and the parking lot was just repaved and restriped. Mi Tierra Supermarket maintains the common area. With corporate credit, long-term tenancy, and strong performance, this asset offers stability and attractive returns in a dense Fort Wayne trade area.

FOR SALE DETAILS

PRICE

$839,660 USD

PRICE/SF

$92 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

02-12-14-476-002.000-074

ASK ABOUT THIS PROPERTY

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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