501 Lower Huntington Rd | Fort Wayne, IN 46819
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501 Lower Huntington Rd
Fort Wayne, IN 46819
Dairy Queen | Strong Sales and Guaranty · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Approximately 16 Years Remaining on Base Term of Absolute NNN Lease
- Extremely Strong Personal Guaranty From Three (3) Individuals (Combined ±$300M Net Worth)
- The Tenant Has Been in the Dairy Queen System Since 1991 and Has a Myriad of Experience Owning and Operating Many Different Concepts in the Mid-West
- Healthy Rent-to-Sales Ratio and Strong Operating History
- There Are 2% Annual Rental Increases Throughout the Base Term and Option Periods, Providing an Excellent Hedge Against Inflation
- Situated on a Strong Signalized Corner Ensuring Prominent Exposure and Easy Access
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,181 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.04 AC
Zoning
CM3
Parking
17 Spaces (7.79 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 02-12-35-126-005.000-068 | Improvements Assessment | $175,100 |
| Land Assessment | $112,700 | Total Assessment | $287,800 |
PROPERTY TAXES
Parcel Number
02-12-35-126-005.000-068
Land Assessment
$112,700
Improvements Assessment
$175,100
Total Assessment
$287,800
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