About This Restaurant
Investment Highlights
Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining Down the Road from Two Shopping Centers | Glenbrook Square Shopping Mall and Northcrest Shopping Center World?s Largest Seafood Restaurant | Serving Customers in 11 Countries
Executive Summary
NNN Pro Group is pleased to present the Red Lobster located at 4825 Coldwater Road in Fort Wayne, IN. The site consists of roughly 9,497 rentable square feet of building space on an estimated 1.57-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2039. The rent is scheduled to increase by 2% annually every and in each of the option periods.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 9,497
- Building Class C
- Year Built 1973
- Price 6,757,956
- Price Per SF 712
- Cap Rate 7
- NOI 473,056
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.14
- Land Acres 1.57 AC
Nearby Amenities & Transportation
| Retail | Starbucks | ||
| Retail | Chili's | ||
| Retail | IHOP | ||
| Retail | Rent-A-Center | ||
| Retail | ALDI | ||
| Retail | Red Lobster | ||
| Retail | WW | ||
| Retail | Country Kitchen Sweetart Inc | ||
| Retail | Five Guys | ||
| Retail | Fresh Thyme Farmers Market |
Property Taxes
| Parcel Number | 02-07-23-426-007.000-073 | Improvements Assessment | $683,800 |
| Land Assessment | $206,100 | Total Assessment | $889,900 |
| Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
| Address: | 4825 Coldwater Rd , Fort Wayne, Indiana, 46825 | ||