4010 Jefferson Blvd - Restaurant FOR SALE


Fort Wayne, IN 46804- Westwood Fairway
$3,225,806 USD
812-320-8483
4010 Jefferson Blvd, Fort Wayne, IN for Sale
$3,225,806 USD
Restaurant - FOR SALE
1/5
null | 7.75% Cap Rate

4010 Jefferson Blvd
Fort Wayne, IN 46804
Westwood Fairway


HIGHLIGHTS

  • Built-To-Suit for Biaggi’s Ristorante Italiano in 2001 | Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement Cost
  • Outparcel to Jefferson Pointe Open Air Lifestyle Center – in the Top 12% of Regional Malls Nationwide and #1 in Indiana in Foot Traffic per Placer.ai
  • Tenant Invested $500K for Complete Interior Remodel | Remodel Completed in 2024

OVERVIEW

Built-To-Suit for Biaggi’s Ristorante Italiano in 2001 | Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement Cost Outparcel to Jefferson Pointe Open Air Lifestyle Center – in the Top 12% of Regional Malls Nationwide and the #1 Regional Mall in Indiana in Foot Traffic | Adjacent to Apple Glen Crossing – in the Top 9% of Community Shopping Centers Nationwide and the Top 5% of Community Shopping Centers in Indiana in Foot Traffic (Placer.ai) Tenant Invested $500K for Complete Interior Remodel | Remodel Completed in 2024 Tenant Owner Has 25 Years of Operational History as a Multi-Concept Restaurant Operator | Biaggi’s Has 16 Locations in Eight States | Very Consistent Strong Historical Sales – See Agents for Details | Tenant Maintained 2023 Sales Volume in 2024 Despite Being Closed One Month for Interior Remodel Surrounded by National Retailers, including Best Buy, Kohl’s, Walmart, Bed Bath & Beyond, Target, AMC Theater, , Marshalls, Barnes & Noble, Bath & Body Works, and More | Jefferson Pointe Had 5.9 Million Visits in 2024 | Apple Glen Crossing Had 4.7 Million Visits in 2024 Signalized Intersections at the North and South of Apple Glen Blvd, Which Runs Between Jefferson Pointe and Apple Glen Crossing, and Has Multiple Ingress/Egress Points to Both Centers Highly Trafficked Outparcel Location | Exposure to Combined Traffic Count of 80,000+ on W Jefferson Blvd and Illinois Rd | Five Miles from I-69 (70,932 VPD)

FOR SALE DETAILS

PRICE

$3,225,806 USD

PRICE/SF

$341 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Biaggi's Ristorante Italiano | Fort Wayne, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C

APN/PARCEL ID

02-12-08-227-003.000-074

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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