6225 Stellhorn Rd | Fort Wayne, IN 46815
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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
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 | Improvements Assessment | $3,593,600 | |
| Land Assessment | $2,160,200 | Total Assessment | $5,753,800 |
Property Taxes
Parcel Numbers
Land Assessment
$2,160,200
Improvements Assessment
$3,593,600
Total Assessment
$5,753,800
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