Log In/Sign Up
Your email has been sent.
Wendy’s 7631 Southtown Xing 2,747 SF Retail Building Fort Wayne, IN 46816 $2,085,870 CAD ($759.33 CAD/SF) 7.85% Cap Rate
Investment Highlights
- Absolute NNN lease with 9.9 years remaining and 10% rent increases every 5 years.
- Prime outparcel location to Menards and Walmart with strong traffic counts.
- Surrounded by national retailers and new development in Fort Wayne.
- Corporate Wendy’s lease provides secure, passive income for investors.
- Annual rent of $117,701.54 and a 7.85% cap rate at list price.
- ±2,747 SF building on a ±1.05-acre lot built in 2007.
Executive Summary
Kyle Matthews
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,747 SF
Building Class
B
Year Built
2007
Price
$2,085,870 CAD
Price Per SF
$759.33 CAD
Cap Rate
7.85%
NOI
$163,741 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.05 AC
Parking
42 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
192’ on Southtown Xing
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-12-36-203-002.007-074 | Improvements Assessment | $365,862 CAD |
| Land Assessment | $511,177 CAD | Total Assessment | $877,039 CAD |
Property Taxes
Parcel Number
02-12-36-203-002.007-074
Land Assessment
$511,177 CAD
Improvements Assessment
$365,862 CAD
Total Assessment
$877,039 CAD
Contacts
-
Vincent Renna -
Connor Olandt -
Cade Norland -
Matthews Real Estate Investment Services
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Wendy’s | 7631 Southtown Xing
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.