NNN Leased Investment
For Sale
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501 Lower Huntington Rd, Fort Wayne, IN
NNN leased Dairy Queen with long term and rental increases.
Property Size2,181 SF
Lot Size1.04 Acres
Price / SF$717.15
Days on Market270
Property Features for 501 Lower Huntington Rd
General Information
Standard status
Active
Size
2,181 SF
Lot size
1.04 Acres
Property subtype
RETAIL
Listing Agency:
Marcus & Millichap
(310) 909-5500
Listed By:
Robert Narchi · License #(S):CA:02100489
(310) 909-5426
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Aug 15
Last Checked: Aug 21 at 2:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
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Business Placement
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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
