1015 Lawrence Dr
Fort Wayne, IN 46804
Enterprise Rent-A-Car (Corporate) · Retail Property For Sale

The subject property is comprised of 2,220 square feet and was built-to-suit for Enterprise Rent-A-Car in 1995. The building sits on .98 acres in the heart of the Avenue of Autos where there are over 11 national car dealerships within 2 miles. The sale includes a pylon sign that is grandfathered into the property, which offers excellent visibility from Illinois Rd, as well as a wash bay. The tenant has recently committed to this site by exercising its last remaining, five year option until June 30th, 2024. Enterprise Rent-A-Car has also invested in this location by completing a $70,000 interior remodel, and the landlord replaced the roof in 2016. The double net roof and structure lease is corporately guaranteed and offers an investor minimal landlord responsibility with the opportunity to increase the rent after five years.  Enterprise Rent-A-Car is strategically located near Illinois Road (S.R. 14) where the traffic count exceeds 37,970 cars per day. The property offers a grandfathered pylon sign, with excellent visibility as well as a lobby reception area, two bathrooms, and a 14' by 30 ' wash bay with an overhead day. This site has 80 parking spaces and is conveniently located across from Jefferson Pointe Mall, a 650,000 square foot open air lifestyle center anchored by Von Maur, AMC Showplace, Bed Bath & Beyond, Panera, Marshalls and more. The property benefits from the recent population growth, where the five mile population exceeds 146,000 residents. In 2009, Enterprise became a subsidiary of Enterprise Holdings, Inc. the parent company of National Car Rental and Alamo Rent a Car. The resulting company was 21st on the 2008 Forbes list of “Largest Private Companies in America”. Enterprise is the largest rental car company in the United States and has more than 9,000 “home city” locations and 419 airport locations. Since its founding in 1957 the company has now grown to have annual revenues in excess of $20.9 Billion.