6225 Stellhorn Rd | Fort Wayne, IN 46815
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This Retail Property is no longer advertised on LoopNet.com.
6225 Stellhorn Rd
Fort Wayne, IN 46815
Chase Bank Ground Lease | Abs NNN · Retail Property For Sale

Investment Highlights
- Chase Bank Abs NNN Ground Lease with 3.5 Years Remaining in Fort Wayne, IN
- Bite-Size Deal: Cheap $61K Ground Rent, Low $1M Price Point and $364/SF on Building GLA
- 10% Rent Increase in 1.5 Years Adds 60 bps to CAP Rate (6.6% at List Price); Additional 10% Rent Increases in Each Option
- Tenant Since 1975 – Nearly 50 Years of Tenancy with History of Five Renewals, All at Increasing Rents
- Outparcel to Target-Anchored Northwood Plaza with Pet Supplies Plus, Dollar Tree, Penn Station, SportClips, GameStop, USPS, and More
- JPMorgan Chase Bank, NA is the Lessee Entity - High Investment-Grade Credit Rating (S&P A-/Stable)
Property Facts
Property Type
Retail
Property Subtype
- Bank
- General Retail Freestanding
Building Size
3,061 SF
Building Class
C
Year Built
1974
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.79 AC
Parking
23 Spaces (8.23 Spaces per 1,000 SF Leased)
Frontage
81’ on Stellhorn Rd
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Numbers |
Multiple
|
Improvements Assessment | $3,593,600 |
| Land Assessment | $2,160,200 | Total Assessment | $5,753,800 |
Property Taxes
Parcel Numbers
Multiple
- 02-08-21-478-002.000-072
- 02-08-21-478-002.004-072
Land Assessment
$2,160,200
Improvements Assessment
$3,593,600
Total Assessment
$5,753,800
Listing ID: 28628735
Date on Market: 6/1/2023
Last Updated:
Address: 6225 Stellhorn Rd, Fort Wayne, IN 46815
The Retail Property at 6225 Stellhorn Rd, Fort Wayne, IN 46815 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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