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301 W State Blvd 4,380 SF of Retail Space Available in Fort Wayne, IN 46808
Highlights
- Freestanding building in turnkey condition, situated on a corner lot (State Blvd. & Cass St.)
- Close proximity to Pizza King and Walgreens, as well as development activity along Wells St. and Downtown
- Lease Rate: $8.50 SF/yr NNN
- Located along heavily-trafficked State Blvd. (16,406 VPD) with two exterior signs in place
- Recent improvements include new overhead doors, TPO roof, showroom floors, furnace, ADA accessible restroom, concrete in parking lot and LED lighting
- Sale Price: $525,000
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,380 SF | Negotiable | $8.50 /SF/YR $0.71 /SF/MO $37,230 /YR $3,103 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,380 SF | Gross Leasable Area | 4,380 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Freestanding |
| Total Space Available | 4,380 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,380 SF |
| Year Built | 1950 |
About the Property
Discover an exceptional opportunity with this 4,380 SF freestanding building located at 301 W. State Blvd., Fort Wayne, IN. Zoned C2/General commercial, this property is superbly positioned with quick access to Downtown Fort Wayne and boasts a unique corner lot presence at State Blvd. & Cass St. With a prime location along the bustling State Blvd. (16,406 VPD) and close proximity to prominent businesses, this property is primed for retail success. Recent upgrades including new overhead doors, TPO roof, showroom floors, furnace, ADA accessible restroom and LED lighting make it move-in ready. The versatile layout offers a large open showroom, offices, reception area, garage bays, restroom and additional storage. With a tenant-friendly lease rate of $8.50 SF/yr and a discounted sale price of $525,000, this property provides an excellent opportunity for businesses seeking a high-traffic location in Fort Wayne.
Nearby Major Retailers
Contact the Leasing Agent
301 W State Blvd