Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    NNN Leased Investment Opportunity Title is generated by Realmo AI

    501 Lower Huntington Rd, Fort Wayne, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN leased Dairy Queen with long term and rental increases.

    Type:RETAIL
    Property size:
    2,181 SF
    Lot size:
    1.04 Acres
    Price / SF:
    $717/SF
    Added:
    Nov 25, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 5 at 11:28 pm

    Property Features for 501 Lower Huntington Rd

    General Information

    Standard status
    Active
    Size
    2,181 SF
    Lot size
    1.04 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jason Fefer

    Listing agent Jason Fefer License #CA:02100489

    Listing office Marcus & Millichap

    Listing date Nov 25, 2025

    Source Moodyscre

    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

    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
    • Healthy Rent‑to‑Sales Ratio and Strong Operating History
    • Tenant Has Been in the Dairy Queen System Since 1991 with Extensive Experience
    • Situated on a Strong Signalized Corner with Prominent Exposure and Easy Access Near Highway‑27

    Overview

    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 ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1449
    Latitude
    41.0165

    Nearby Similar for Sale

    • $450,000

      High Visibility Commercial Property

      Commercial property with high visibility and traffic flow.
      3112 N Clinton Street, Fort Wayne, IN 46805
      View Details
    • $379,999

      Retail Ready Commercial Property

      High-visibility corner lot suitable for retail or convenience operations.
      2915 S Calhoun Street, Fort Wayne, IN 46807
      View Details
    • $2,000,000

      Aboite Township Mixed-Use Opportunity

      Open concept building in medical office community with flexible layout.
      7619 W Jefferson Boulevard, Fort Wayne, IN 46804
      View Details
    • $300,000

      Immaculate Church Building on Corner Lot

      Well-maintained church building with finished basement and great visibility.
      639 Putnam Street, Fort Wayne, IN 46808
      View Details
    • $649,900
      4,585 SF

      Fourplex Investment Opportunity

      Fourplex with income potential and commercial opportunity on 5 acres.
      14034 Lima Road, Fort Wayne, IN 46818-8900
      View Details
    • $350,000

      Restaurant and Redevelopment Opportunity

      8,335 SF building with restaurant and redevelopment potential.
      2650 S Coliseum Boulevard, Fort Wayne, IN 46803
      View Details
    • $580,000

      Unique Castle-Inspired Retail Opportunity

      Distinctive property with high visibility, suitable for diverse commercial uses.
      6623 SR 930, Fort Wayne, IN 46803
      View Details
    • $795,000

      Multi-Use Building in Fort Wayne

      Versatile building suitable for various purposes, including non-profit organizations.
      2100 Kentucky Avenue, Fort Wayne, IN 46805
      View Details
    • $299,900
      1,408 SF

      Fort Wayne Commercial Opportunity

      1,408 SF commercial property with high visibility in Fort Wayne.
      3425 Hobson Road, Fort Wayne, IN 46805
      View Details
    • $300,000
      27,000 SF

      Versatile Property with Redevelopment Potential

      Expansive property with potential for multi-unit conversion or redevelopment.
      2440 Bowser Avenue, Fort Wayne, IN 46803
      View Details
    • $650,000

      Historic Landmark Ready for Renovation

      Five-story mixed-use building in downtown Fort Wayne, ready for renovation.
      812 S Calhoun Street, Fort Wayne, IN 46802-2302
      View Details
    • $299,000

      Downtown Fort Wayne Bar Property

      Bar/Restaurant property in vibrant downtown Fort Wayne, near key attractions.
      1407 S Calhoun Street, Fort Wayne, IN 46802-3421
      View Details

    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Fefer
    Real Estate License ID: CA:02100489
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    501 Lower Huntington Rd, Fort Wayne, IN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!