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    501 Lower Huntington Rd Fort Wayne, IN 46819

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    For Sale
    $1,564,114

    NNN leased Dairy Queen with long term and rental increases.

    Property size:
    2,181 SF
    Lot size:
    1.04 Acres

    Property Features for 501 Lower Huntington Rd

    General Information

    Size
    2,181 SF
    Lot size
    1.04 Acres

    Source: Marcus & Millichap Agent Jason Fefer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Investment Opportunity

    This property is a retail space occupied by Dairy Queen, with approximately 16 years remaining on the base term of an absolute NNN lease. The lease structure assigns zero landlord responsibilities, making it suitable for a passive out-of-state investor. The tenant has been in the Dairy Queen system since 1991, with experience owning and operating various concepts in the Midwest. The lease includes 2% annual rental increases throughout the base term and option periods. The property benefits from a strong signalized corner location, ensuring prominent exposure and easy access, with close proximity to Highway-27, a major US highway. Nearby retailers include Walmart Supercenter, Menards, ALDI, Planet Fitness, Dollar General, Kroger, Walgreens, Dollar Tree, and Starbucks. The property is 2181 square feet and is located at 501 Lower Huntington Rd, Fort Wayne, IN.
    Location Intelligence

    Current Use by Public Records

    Dairy Queen Grill ... Fast Food Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.144854
    Latitude
    41.016479

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    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Dairy Queen with long term and rental increases.
    Where is this drive through restaurant located?
    The property is located at 501 Lower Huntington Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,564,114.
    What are key features of this property?
    This property features: - Absolute NNN Lease with Approximately 16 Years Remaining on Base Term, Ideal for Passive Investors; - Extremely Strong Personal Guaranty From Three Individuals (Combined ±$300M Net Worth); - 2% Annual Rental Increases Throughout the Base Term and Option Periods, Providing an Excellent Hedge Against Inflation
    (310) 909-5500
    Request Owner's contact information
    501 Lower Huntington Rd Fort Wayne, IN 46819
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    Fort Wayne, IN 46819
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Lower Huntington Rd Fort Wayne, IN 46819
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