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29140658
29140662

2215 Maplecrest Rd, Fort Wayne, IN 46815

SR
IN RC51900187, CA 02101543 (+42)
ParaSell Inc
JB
CA CA 01984719
Century Partners RE
MK
CA CA 01995909
Century Partners RE
Listed by ParaSell Inc, Century Partners RE
$2,227,600
149 days on market
Updated 61 days ago

Wendy's – 10-Year Corporate Lease

Details
APN 02-08-33-280-003.000-072
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,266
Net Rentable (SqFt) 3,266
Units 1
Cap Rate 6.25%
NOI $139,226
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 02/29/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 2, 5-year
Price per SqFt $682
Broker Co-Op Yes
Class C
Year Built 1995
Year Renovated NA
Buildings 1
Stories 1
Acreage 0.810
Zoning Commercial
Parking Spaces 30 spaces
Parking Per SqFt 9.19
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2016
Ground Lease No
Ownership Fee Simple (Building & Land)

Kroger Shadow-Anchored, Absolute NNN

Marketing description

Secure a prime investment opportunity with a corporate guaranteed lease and 10% increases every 5 years. This 30-year seasoned location boasts a strong track record of performance, ensuring stability and growth. Positioned with direct frontage on Maplecrest Rd, a major thoroughfare, this property benefits from high visibility and consistent traffic.

This prime retail location sits directly across from Kroger & Georgetown Square Center, offering excellent visibility and strong consumer traffic. Positioned just off a high-traffic “main and main” intersection with 30,000+ VPD, this site ensures maximum exposure, and is surrounded by thriving residential communities like Lofton Woods, Lake Forest, and Georgetown Place.

Investment highlights

Investment Highlights

  • Corporate guaranteed lease with 10% increases every 5 years

  • Approximately 10 years remaining on lease

  • 30-year seasoned location with strong historical performance

  • Direct frontage to Maplecrest Rd, a primary thoroughfare

  • Prime retail location – across from Kroger & Georgetown Square center

  • $77,068 average household income (1-mile radius)

  • Just off “main and main” intersection carrying 30,000+ VPD

  • Situated at the heart of thriving residential hub – Near Lofton Woods, Lake Forest, Georgetown Place & more

Listing Contacts

SR
IN RC51900187, CA 02101543 (+42)
ParaSell Inc
JB
CA CA 01984719
Century Partners RE
MK
CA CA 01995909
Century Partners RE
Listed by ParaSell Inc, Century Partners RE

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,226.00
$11,602.17/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Scott Reid
License
IN License #RB19001284
Brokerage
ParaSell, Inc.
Title
Broker of Record
Name
Scott Reid
License
RC51900187
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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