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3996 Ice Way
Fort Wayne, IN 46805
ARCO - newly rebranded · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Low Price Point | Priced just Under $1.3 Million
- Dynamic Retail Corridor with Low Vacancy
- Multi-Unit Operator With Strong Sales
- 10 Year Lease with Annual Increases
- Strategic Location with Excellent Visibility
Executive Summary
Northmarq Commercial, on behalf of ownership, is pleased to present the exclusive opportunity to acquire a fee simple ARCO Gas Station property located at 3996 Ice Way, Fort Wayne, IN (the “Property”).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,923 SF
Building Class
C
Year Built
2010
Price
$1,295,000
Price Per SF
$443.04
Cap Rate
5.67%
NOI
$73,440
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.70 AC
Zoning
C - Commercial, Retail Use
Parking
25 Spaces (8.55 Spaces per 1,000 SF Leased)
Frontage
279’ on Ice Way
Property Taxes
| Parcel Number | 02-07-26-177-004.006-073 | Improvements Assessment | $296,900 |
| Land Assessment | $310,200 | Total Assessment | $607,100 |
Property Taxes
Parcel Number
02-07-26-177-004.006-073
Land Assessment
$310,200
Improvements Assessment
$296,900
Total Assessment
$607,100
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