Home Depot
Rare Fee-Simple (Not Ground Lease) - Single Tenant Location NNN Lease
Marketing description
Introducing an exceptional investment opportunity - FEE-SIMPLE HOME DEPOT located at 6235 Lima Rd, Fort Wayne, IN 46818. This single-tenant property boasts a long-term NNN lease with a renowned tenant, Home Depot U.S.A., Inc.
The lease includes scheduled rent increases, ensuring a stable and lucrative income stream for investors. Situated in a high-traffic retail corridor, the property enjoys prime visibility and accessibility off the I-69 and SR-3 interchange, just four miles north.
The building, with a sizable 115,228 SF, sits on a spacious 10.85-acre lot, offering ample room for expansion or further development. With a strong CAP rate of 5.24%, this investment opportunity provides a secure and promising future. Don't miss the chance to own a piece of this high-quality, long-term asset in a thriving market like Fort Wayne. Contact us now to seize this lucrative investment opportunity!
Investment highlights
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
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
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