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Corporate Wendy's NNN | Fort Wayne, IN 6824 Lincoln Hwy 2,215 SF Retail Building Fort Wayne, IN 46803 $1,542,980 ($696.60/SF) 5% Cap Rate
Executive Summary
INVESTMENT HIGHLIGHTS
• Corporate Guarantee NNN Lease with 11.5 Years remaining.
• Great demographics 3-mile | Pop +45K | Income +55K with Many Local and National Tenants nearby.
• Excellent traffic +20K VPD.
• Since 1987, the site has been successfully operated by Wendy's.
• 10% rental increases every 5 years to hedge against inflation.
PROPERTY SUMMARY
Triple Net Investment Group is excited to present an opportunity to acquire a Wendy's restaurant. The property features a corporate guaranteed lease with Appx 11.5 years remaining on the initial term. The restaurant is strategically located on Lincoln Highway East in Fort Wayne, Indiana. The building is 2,215 square feet and sits on approximately 0.76 acres of land. Great demographics 3-mile | Pop +45K | Income +55K with Many Local and National Tenants nearby.
In association with Broker of Records: BND COMMERIAL LLC
• Corporate Guarantee NNN Lease with 11.5 Years remaining.
• Great demographics 3-mile | Pop +45K | Income +55K with Many Local and National Tenants nearby.
• Excellent traffic +20K VPD.
• Since 1987, the site has been successfully operated by Wendy's.
• 10% rental increases every 5 years to hedge against inflation.
PROPERTY SUMMARY
Triple Net Investment Group is excited to present an opportunity to acquire a Wendy's restaurant. The property features a corporate guaranteed lease with Appx 11.5 years remaining on the initial term. The restaurant is strategically located on Lincoln Highway East in Fort Wayne, Indiana. The building is 2,215 square feet and sits on approximately 0.76 acres of land. Great demographics 3-mile | Pop +45K | Income +55K with Many Local and National Tenants nearby.
In association with Broker of Records: BND COMMERIAL LLC
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,215 SF
Building Class
C
Year Built
1976
Price
$1,542,980
Price Per SF
$696.60
Cap Rate
5%
NOI
$77,149
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.76 AC
Parking
36 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
112’ on Illinois Rd
Amenities
- Pylon Sign
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-13-10-326-004.000-041 | Improvements Assessment | $110,500 |
| Land Assessment | $149,000 | Total Assessment | $259,500 |
Property Taxes
Parcel Number
02-13-10-326-004.000-041
Land Assessment
$149,000
Improvements Assessment
$110,500
Total Assessment
$259,500
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Corporate Wendy's NNN | Fort Wayne, IN | 6824 Lincoln Hwy