$1,500,000 USD
949-207-6396
7631 Southtown Xing
Fort Wayne, IN 46816
South Fort Wayne
HIGHLIGHTS
- Absolute NNN lease with 9.9 years remaining and 10% rent increases every 5 years.
- Corporate Wendy’s lease provides secure, passive income for investors.
- Prime outparcel location to Menards and Walmart with strong traffic counts.
- Annual rent of $117,701.54 and a 7.85% cap rate at list price.
- Surrounded by national retailers and new development in Fort Wayne.
- ±2,747 SF building on a ±1.05-acre lot built in 2007.
FOR SALE DETAILS
PRICE
$1,500,000 USD
PRICE/SF
$546 USD /SF
CAP RATE
7.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wendy’s
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
42
LAND DETAILS
LAND ACRES
1.05 AC
LAND SF
45,894 SF
ZONING
-
APN/PARCEL ID
02-12-36-203-002.007-074
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949-207-6396
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949-207-6396
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