Biaggi's Ristorante Italiano 4010 Jefferson Blvd

4010 Jefferson Blvd , Fort Wayne, Indiana, 46804 | 9,455 sq.f | $ 3,333,333

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About This Restaurant

Investment Highlights

Outparcel to Jefferson Pointe Open Air Lifestyle Center, Ranked in the Top 10% of Regional Malls Nationwide Exposure to Combined Traffic Count of 80,000 Cars Per Day Tenant Reports Strong Unit-Level Historical Sales and Year-Over-Year Increasing Sales - See Agents for Details

Executive Summary

Tenant Owner Has 24 Years of Operational History as a Multi-Concept Restaurant Operator | Biaggi?s Has 16 Locations in Eight States | Tenant Reports Strong Unit-Level Historical Sales and Year-Over-Year Increasing Sales ? See Agents for DetailsBuilt-To-Suit for Biaggi?s Ristorante Italiano in 2001 | Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement CostOutparcel to Jefferson Pointe Open Air Lifestyle Center ? in the Top 10% of Regional Malls Nationwide in Foot Traffic Per Placer.ai Surrounded by National Retailers, including Best Buy, Kohl?s, Walmart, Bed Bath & Beyond, Target, AMC Theater, , Marshalls, Barnes & Noble, Bath & Body Works, and More | Jefferson Pointe Had 5.2 Million Visits in 2021 | Apple Glen Crossing Had 3.9 Million Visits in 2021Signalized Intersections at the North and South of Apple Glen Blvd, Which Runs Between Jefferson Pointe and Apple Glen Crossing, and Has Multiple Ingress/Egress Points to Both CentersHighly Trafficked Outparcel Location | Exposure to Combined Traffic Count of 80,000+ on W Jefferson Blvd and Illinois Rd | Five Miles from I-69 (70,932 VPD)

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    9,455
  • Building Class    B
  • Year Built    2001
  • Price    3,333,333
  • Price Per SF    353
  • Cap Rate    7.50
  • NOI    250,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.18
  • Land Acres    1.21 AC

Amenities

  • Air Conditioning

Nearby Amenities & Transportation

Retail Yoga Six
Retail Trader Joe's
Retail Biaggi's Ristorante Italiano
Retail Panda Express
Retail Chicken Salad Chick
Retail City Barbeque
Retail Burgerfi
Retail McAlister's Deli
Retail O'Charley's
Retail Smokey Bones Bar & Fire Grill

Property Taxes

Parcel Number 02-12-08-227-003.000-074 Improvements Assessment $1,468,600
Land Assessment $657,700 Total Assessment $2,126,300
Date Created: 2024-07-16 04:13:40 Last Updated: 2024-07-16 04:13:40
Address: 4010 Jefferson Blvd , Fort Wayne, Indiana, 46804