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Imaging Center NNN Property
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7631 West Jefferson Boulevard, Fort Wayne, IN 46804

Medical imaging facility subject to a Triple Net lease with scheduled annual increases.

Property Size7,524 SF
Lot Size2.00 Acres
Price / SF$365.50
Days on Market65

Property Features for 7631 West Jefferson Boulevard

General Information

Standard status Active
Size 7,524 SF
Net Rentable 7,524 SF
Lot size 2.00 Acres
Property subtype Retail, Office, Land
Occupancy 100%
Lease Type NNN
Investment Type Net Lease
Net Operating Income $158,004

Additional Details

Gross Income $158,004

Building Details

Year Built 1992
Tenancy Single
Listing Agency: SURMOUNT
Listed By: Glen Kunofsky · License #NY 49KU1129178
Source: Crexi
Added: Aug 7 Changed: Oct 8 Last Checked: Oct 9 at 7:33PM

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 SURMOUNT

Investment Insights

Based on property information with market context.

This NNN property includes approximately 7,524 rentable square feet of building area on an estimated 2-acre parcel. The improvements were constructed in 1992 and are identified as an imaging center, providing a specialized commercial facility rather than conventional office space.

The property is located at 7631 West Jefferson Boulevard in Fort Wayne, Indiana. A 10.01-year Triple Net lease commenced 7/1/2026 and includes scheduled annual increases of 2.50%. The lease structure places the asset within a defined NNN investment format while retaining the existing imaging-center use and site configuration.

Key Highlights

  • Approximately 7,524 rentable square feet on an estimated 2‑acre parcel
  • 10.01‑year Triple Net (NNN) lease commenced 7/1/2026
  • Scheduled annual lease increases of 2.50%

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$83,022
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,440 $1.7M
Cap Rate 7%
$1,186,029 $1.2M
Cap Rate 9%
$922,467 $922.5K
Market Conditions
NOI Build-Up for 7,524 SF
Gross rent
$128.2K $17.04/SF
− Vacancy
−$17.5K −$2.33/SF
EGI
$110.7K $14.71/SF
− OpEx
−$27.7K −$3.68/SF
NOI
$83.0K $11.03/SF
Area
Fort Wayne, IN
Vacancy
13.66%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,440
Cap Rate 7%
$1,186,029
Cap Rate 9%
$922,467

Alternative Uses

Best Use
Office B
$1.19M
$1.04M – $1.38M (±1% cap)
NOI $83,022 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.29M
$5.50M – $7.33M (±1% cap)
NOI $439,978 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

The Imaging Center Medical Clinic Dr. Edward C. ... Physician David Daugherty Physician

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Law Firm Restaurant HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,511
Businesses Nearby

Demographics for 46804, IN

28,800
Population
12,959
Households
2.2
Avg Household Size
40
Median Age
44%
College-Educated
96%
High-School Grad
17.7 sq mi
ZIP Area
1,627
Density / Sq Mi
$84,778
Median Household Income
$49,050
Median Earnings
$1,134
Median Rent
$241,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Medical imaging facility subject to a Triple Net lease with scheduled annual increases.
Where is this nnn property located?
The property is located at 7631 West Jefferson Boulevard Fort Wayne, IN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 7,524 rentable square feet on an estimated 2‑acre parcel; 10.01‑year Triple Net (NNN) lease commenced 7/1/2026; Scheduled annual lease increases of 2.50%
(332) 345-4222 Call to check price and availability
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