Big Red Liquors | Downtown Fort Wayne, IN
Retail | 7.10% CAP | 6,742 SqFt
Marketing description
Freestanding Property Located at a Hard Corner in the Center of Downtown Fort Wayne, the 2nd Largest City in Indiana | Big Red Liquors Guarantees the Lease and Acquired the Cap N' Cork Operations | Big Red Liquors is the Largest Liquor Store Chain in the Midwest with 108 Locations
High Traffic, Hard Corner Location - Located at the Signalized Intersection of Broadway & W Jefferson (Main Street) with a Combined Traffic Count of 27,061 | W. Jefferson Blvd (Main Street) is a Major North-South Artery
Located Across from Parkview Field, with 500,000+ Visitors per Year | Site Benefits from an Immense Amount of Recent Downtown Investment: The Landing ($51M), The Riverfront at Promenade Park ($90M), Electric Works ($412M) and The Pearl ($72M).
Established Location with Long Term Occupancy - the Property was Built to Suit for Cap N' Cork and Has 5.18 Years Remaining On the NNN Lease with 2, 5 Year Options
Ecommerce-Resistant Tenant | Alcohol Retail Remains Largely Insulated from E-Commerce Disruption, Supporting Long-Term Tenant Stability
The NNN Lease Offers Below-Market Rent of $12.00 per Square Foot and Landlord-Friendly Lease Language | Tenant Reimburses for Taxes, Insurance, and CAM, Including the Parking Lot and Pays a Management Fee
Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure
Investment highlights
- Freestanding Property Located at a Hard Corner in the Center of Downtown Fort Wayne, the 2nd Largest City in Indiana | Big Red Liquors Guarantees the Lease and Acquired the Cap N' Cork Operations | Big Red Liquors is the Largest Liquor Store Chain in the Midwest with 108 Locations
- High Traffic, Hard Corner Location - Located at the Signalized Intersection of Broadway & W Jefferson (Main Street) with a Combined Traffic Count of 27,061 | W. Jefferson Blvd (Main Street) is a Major North-South Artery
- Located Across from Parkview Field, with 500,000+ Visitors per Year | Site Benefits from an Immense Amount of Recent Downtown Investment: The Landing ($51M), The Riverfront at Promenade Park ($90M), Electric Works ($412M) and The Pearl ($72M).
- Established Location with Long Term Occupancy - the Property was Built to Suit for Cap N' Cork and Has 5.18 Years Remaining On the NNN Lease with 2, 5 Year Options
- Ecommerce-Resistant Tenant | Alcohol Retail Remains Largely Insulated from E-Commerce Disruption, Supporting Long-Term Tenant Stability
- The NNN Lease Offers Below-Market Rent of $12.00 per Square Foot and Landlord-Friendly Lease Language | Tenant Reimburses for Taxes, Insurance, and CAM, Including the Parking Lot and Pays a Management Fee
- Fort Wayne is Indiana's Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure
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