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Home Depot - Fee Simple 6235 Lima Rd 115,228 SF Retail Building Fort Wayne, IN 46818 $15,224,770 CAD ($132.13 CAD/SF) 5.24% Cap Rate
Investment Highlights
- Nearby Retailers Include: The Home Depot, Meijer, Lowe’s, Starbucks, Burger King, Panda Express, Chipotle Mexican Grill, and many more.
- Traffic counts range from 16,000 VPD on nearby Washington Center Road, 50,000 VPD on IN SR-3 and 70,000 VPD on I-69.
Executive Summary
Rare Fee-Simple (Not Ground Lease) - Single Tenant Location NNN Lease With Zero Landlord Responsibilities. Long Term History at Location - Three Years of Term Remaining With Nine Options Available to Extend - Each Five Year Option Includes a 5% Increase. Busy Retail Corridor Off I-69 and SR-3 Interchange, Just Four Miles North of Downtown Fort Wayne - Extremely Low Vacancy Rate in the Market - Interchange. Location Surrounded by Hotels Great Retail Demographics with an Area Population of Over 135,900 and a
Daytime Population of over 183,000 within a 5-Mile Radius.
Daytime Population of over 183,000 within a 5-Mile Radius.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
115,228 SF
Building Class
C
Year Built/Renovated
1994/2000
Price
$15,224,770 CAD
Price Per SF
$132.13 CAD
Cap Rate
5.24%
NOI
$797,857 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.24
Lot Size
10.85 AC
Parking
442 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
688’ on Lima Rd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-07-15-451-001.000-073 | Improvements Assessment | $3,130,141 CAD |
| Land Assessment | $2,262,920 CAD | Total Assessment | $5,393,061 CAD |
Property Taxes
Parcel Number
02-07-15-451-001.000-073
Land Assessment
$2,262,920 CAD
Improvements Assessment
$3,130,141 CAD
Total Assessment
$5,393,061 CAD
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Home Depot - Fee Simple | 6235 Lima Rd
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