Listed by The Zacher Company
$1,030,000
6320 Bluffton Road
Details
APN 02-12-27-151-004.000-074
Property Type Retail
Sub Type Storefront
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 5.90%
NOI $60,870
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN+
Lease Expiration 07/31/2030
Remaining Term 4
Rent Bumps Yes
Lease Options Four-5-Year
Pro-Forma Cap Rate 6.58%
Pro-Forma NOI $67,734
Price per SqFt $113
Year Built 2008
Buildings 1
Stories 1
Acreage 1.500
Zoning C2 - Limited Commercial
Parking Spaces 42 spaces
Parking per 1,000 SqFt 4.62
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Fully Leased Dollar General
Marketing description
Introducing an outstanding investment opportunity in Fort Wayne, IN. This retail/free-standing building offers 9,100 SF of premium space within a modern construction from 2008. Nestled in the Southwest area, the property provides full access on the bustling Bluffton Rd. with 11,258 VPD, ensuring unparalleled visibility. Featuring a strong credit tenant with a corporate guaranteed lease and minimal landlord responsibilities, this property presents a secure and lucrative venture. With a 5.9% cap rate, the sale price of $1,030,000 signifies an enticing prospect for investors seeking a reliable income-generating asset.
Investment highlights
- Recent 5 year renewal
- Strong credit tenant
- Corporate guaranteed
- Minimal landlord responsibilities
- 9,100 SF on 1.5 Acres
- Recent capital improvements include two new HVAC rooftop units
- Full access on busy Bluffton Rd. with 11,258 VPD
- 5.9% Cap Rate
- Sale Price: $1,030,000
Listing Contacts
Listed by The Zacher Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,869.52
$5,072.46/mo
Valuation Metrics
0
DSCR
5.91%
Cap Rate
5.91%
ROI
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