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Restaurant Investment Opportunity For Sale

6282 W Jefferson Blvd Fort Wayne, IN 46804

6282 W Jefferson Blvd, Fort Wayne, IN, 46804
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Restaurant with long-term tenant in Fort Wayne, Indiana.

Property Size7,650 SF
Price / SF$205.88
AddedAug 16, 2019
Days on Market2527
Last RefreshJul 15 at 10:10 am

Property Features for 6282 W Jefferson Blvd

General Information

Standard status
Active
Size
7,650 SF
Property subtype
Retail

Building Details

Year Built
1969

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


Investment Insights

Based on property information with market context.

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.

Key Highlights

  • Newly signed long‑term lease provides stable, predictable income.
  • Reputable tenant: Wild Crab Cajun Seafood and Bar.
  • Tenant has options for lease renewal.

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.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Wild Crab - Fort ... Restaurant

Suggested Use

Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Parking Lot & Garage HVAC Service Kitchen & Bath Showroom Garden Center Law Firm Grocery & Convenience Store Food Market

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

Similar Off Market Nearby

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

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.
Contact an agent
(260) 487-3697 Call to check price and availability
More about this property
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