About This Restaurant
Investment Highlights
Out-Parcel to Menards & Walmart Supercenter-Brand-New Culver?s Slated for Construction to be Completed by 2026 Base Lease Term of 10 Years with Four, Five-Year Options to Renew +/-56,000 Residents within a 3-Mile Radius with an Average 5-Mile Consumer Spending of +/-$929M Located within Shopping Center Destination Area; Southtown Crossing (Walmart, Menards, Taco Bell, WellNow Urgent Care)
Executive Summary
The Klink Group of Marcus & Millichap is pleased to present for sale the Starbucks located in the city of Fort Wayne, Indiana?s second largest city.Built in 2022, the Property sits on 0.90 acres of prime real estate along U.S. Hwy 27, a major thoroughfare that leads from Interstate 469 directly into downtown Fort Wayne and experiences +/-10,000 vehicles-per-day. The property also benefits from being located in a shopping center destination area known as Southtown Crossing, which consists of tenants such as: Menards, Walmart Supercenter, Taco Bell, WellNow Urgent Care, AutoZone, Wendy?s, OneMain Financial, T-Mobile, Planet Fitness and Caliber Collision.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
- Building Size 2,225
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2022
- Price 2,282,051
- Price Per SF 1,026
- Cap Rate 5.85
- NOI 133,500
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.90 AC
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 02-12-36-203-002.000-074 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $0 |
| Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
| Address: | 7755 Southtown Crossing , Fort Wayne, Indiana, 46816 | ||