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Home Depot - Fee Simple 6235 Lima Rd 115,228 SF Retail Building Fort Wayne, IN 46818 $11,000,000 ($95.46/SF) 5.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Nearby Retailers Include: The Home Depot, Meijer, Lowe’s, Starbucks, Burger King, Panda Express, Chipotle Mexican Grill, and many more.
- Traffic counts range from 16,000 VPD on nearby Washington Center Road, 50,000 VPD on IN SR-3 and 70,000 VPD on I-69.
EXECUTIVE SUMMARY
Rare Fee-Simple (Not Ground Lease) - Single Tenant Location NNN Lease With Zero Landlord Responsibilities. Long Term History at Location - Three Years of Term Remaining With Nine Options Available to Extend - Each Five Year Option Includes a 5% Increase. Busy Retail Corridor Off I-69 and SR-3 Interchange, Just Four Miles North of Downtown Fort Wayne - Extremely Low Vacancy Rate in the Market - Interchange. Location Surrounded by Hotels Great Retail Demographics with an Area Population of Over 135,900 and a
Daytime Population of over 183,000 within a 5-Mile Radius.
Daytime Population of over 183,000 within a 5-Mile Radius.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
115,228 SF
Building Class
C
Year Built/Renovated
1994/2000
Price
$11,000,000
Price Per SF
$95.46
Cap Rate
5.24%
NOI
$576,457
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.24
Lot Size
10.85 AC
Parking
442 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
688’ on Lima Rd
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 02-07-15-451-001.000-073 | Improvements Assessment | $2,271,500 |
| Land Assessment | $1,628,000 | Total Assessment | $3,899,500 |
PROPERTY TAXES
Parcel Number
02-07-15-451-001.000-073
Land Assessment
$1,628,000
Improvements Assessment
$2,271,500
Total Assessment
$3,899,500
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Home Depot - Fee Simple | 6235 Lima Rd
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