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    Restaurant Investment Opportunity For Sale Title is generated by Realmo AI

    6282 W Jefferson Blvd, Fort Wayne, IN 46804

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    Restaurant with long-term tenant in Fort Wayne, Indiana.

    Type:Retail
    Property size:
    7,650 SF
    Price / SF:
    $205/SF
    Added:
    Aug 16, 2019
    Days on Market:
    2482
    Last Refresh:
    May 19 at 9:01 pm

    Property Features for 6282 W Jefferson Blvd

    General Information

    Standard status
    Active
    Size
    7,650 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1969

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    Listing Contact
    Kienan O'Rourke

    Listing agent Kienan O'Rourke License #IN RB14051217

    Listing office Xplor Commercial Real Estate

    Listing date Aug 16, 2019

    Source Crexi

    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 Xplor Commercial Real Estate

    HighLights

    • Newly signed long‑term lease provides stable, predictable income.
    • Reputable tenant: Wild Crab Cajun Seafood and Bar.
    • Tenant has options for lease renewal.
    • New Orleans style seafood boil restaurant.
    • Restaurant prides itself on fresh seafood.
    • Restaurant prides itself on locally sourced produce.

    Overview

    This property presents an investment opportunity with a newly signed long-term tenant. The tenant, Wild Crab Cajun Seafood and Bar, is a New Orleans style seafood boil restaurant that emphasizes fresh seafood and locally sourced produce. This will be their second location in Indiana, with the opening scheduled for winter 2021. The tenant has signed a long-term lease with options for renewal. The property is 7650 square feet and is suitable for conventional restaurants, retail space, and other commercial real estate ventures.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $122.1k $15.96
    − Vacancy −$9.2k −$1.20
    EGI $112.9k $14.76
    − OpEx −$28.2k −$3.69
    NOI $84.7k $11.07
    7,650 SF · lease $15.96/SF/yr · vacancy 7.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.21M
    $1.06M – $1.41M (±1% cap)
    NOI $84,703 @ 7.0% cap · market cap 5.38%
    Second Best
    Retail
    $1.05M
    $918.7K – $1.22M (±1% cap)
    NOI $73,497 @ 7.0% cap · market cap 4.67%
    Theoretical Best
    Multifamily LT 5
    $6.39M
    $5.59M – $7.46M (±1% cap)
    NOI $447,346 @ 7.0% cap · market cap 28.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Wild Crab - Fort ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon

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

    Similar Places Nearby

    • 4 Star Buffet 6324 constitution dr, fort wayne, in 46804

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.2219354
    Latitude
    41.0585061

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant with long-term tenant in Fort Wayne, Indiana.
    Where is this conventional restaurant located?
    The property is located at 6282 W Jefferson Blvd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: Newly signed long‑term lease provides stable, predictable income.; Reputable tenant: Wild Crab Cajun Seafood and Bar.; Tenant has options for lease renewal.
    More about this property
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