Fort Wayne, IN | Corporate Wendy's NNN | 6824 Lincoln Hwy
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Fort Wayne, IN | Corporate Wendy's NNN 6824 Lincoln Hwy
2,215 SF Retail Building Fort Wayne, IN 46803 £1,207,305 (£545/SF) 5% Net Initial Yield
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
£1,207,305
Price Per SF
£545
Net Initial Yield
5%
NOI
£60,365
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
0.76 AC
Parking
36 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
112 ft on Illinois Rd
Amenities
- Pylon Sign
- Drive Thru
-
Robert Gamzeh -
Triple Net Investment Group Inc.
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Fort Wayne, IN | Corporate Wendy's NNN | 6824 Lincoln Hwy
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