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1031 Broadway St
Fort Wayne, IN 46802
Cap N' Cork · Retail Property For Sale
Investment Highlights
- Freestanding Property Located at a Hard Corner in the Center of Downtown Fort Wayne, the 2nd Largest City in Indiana
- Below Market Rent of $12.00 Per Square Foot | E-Commerce Resistant Tenant
- Big Red Liquors is the Largest Liquor Store Chain in the Midwest with 108 Locations | 2025 Revenue ~$150M
Executive Summary
Freestanding Property Located at a Hard Corner in the Center of Downtown Fort Wayne, the 2nd Largest City in Indiana | Big Red Liquors Guarantees the Lease and Acquired the Cap N' Cork Operations | Big Red Liquors is the Largest Liquor Store Chain in the Midwest with 108 Locations
High Traffic, Hard Corner Location - Located at the Signalized Intersection of Broadway & W Jefferson (Main Street) with a Combined Traffic Count of 27,061 | W. Jefferson Blvd (Main Street) is a Major North-South Artery
Located Across from Parkview Field, with 500,000+ Visitors per Year | Site Benefits from an Immense Amount of Recent Downtown Investment: The Landing ($51M), The Riverfront at Promenade Park ($90M), Electric Works ($412M) and The Pearl ($72M).
Established Location with Long Term Occupancy - the Property was Built to Suit for Cap N' Cork and Has 5.18 Years Remaining On the NNN Lease with 2, 5 Year Options
Ecommerce-Resistant Tenant | Alcohol Retail Remains Largely Insulated from E-Commerce Disruption, Supporting Long-Term Tenant Stability
The NNN Lease Offers Below-Market Rent of $12.00 per Square Foot and Landlord-Friendly Lease Language | Tenant Reimburses for Taxes, Insurance, and CAM, Including the Parking Lot and Pays a Management Fee
Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure
High Traffic, Hard Corner Location - Located at the Signalized Intersection of Broadway & W Jefferson (Main Street) with a Combined Traffic Count of 27,061 | W. Jefferson Blvd (Main Street) is a Major North-South Artery
Located Across from Parkview Field, with 500,000+ Visitors per Year | Site Benefits from an Immense Amount of Recent Downtown Investment: The Landing ($51M), The Riverfront at Promenade Park ($90M), Electric Works ($412M) and The Pearl ($72M).
Established Location with Long Term Occupancy - the Property was Built to Suit for Cap N' Cork and Has 5.18 Years Remaining On the NNN Lease with 2, 5 Year Options
Ecommerce-Resistant Tenant | Alcohol Retail Remains Largely Insulated from E-Commerce Disruption, Supporting Long-Term Tenant Stability
The NNN Lease Offers Below-Market Rent of $12.00 per Square Foot and Landlord-Friendly Lease Language | Tenant Reimburses for Taxes, Insurance, and CAM, Including the Parking Lot and Pays a Management Fee
Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,742 SF
Building Class
C
Year Built/Renovated
1984/1990
Price
$1,253,436
Price Per SF
$185.91
Cap Rate
7.10%
NOI
$88,994
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.27
Lot Size
0.58 AC
Opportunity Zone
Yes
Zoning
CM-3
Parking
48 Spaces (7.12 Spaces per 1,000 SF Leased)
Frontage
156’ on Broadway
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 02-12-02-386-011.000-074 | Improvements Assessment | $342,800 |
| Land Assessment | $174,500 | Total Assessment | $517,300 |
Property Taxes
Parcel Number
02-12-02-386-011.000-074
Land Assessment
$174,500
Improvements Assessment
$342,800
Total Assessment
$517,300
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