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    6824 Lincoln Hwy Fort Wayne, IN 46803

    Sponsored
    For Sale
    $1,542,980

    Corporate-guaranteed Wendy's, strong ROI

    Property size:
    2,215 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity features a corporate-guaranteed Wendy's restaurant in Fort Wayne, Indiana. The property boasts a 2,215 square foot building situated on a 0.76-acre lot at 6824 Lincoln Hwy, 46803. The absolute NNN lease, with a 10% rent increase, has approximately 11.5 years remaining until the initial term expires on February 28, 2036 (lease commencement February 15, 2016). The current annual net operating income (NOI) is $77,149, resulting in a 5.00% capitalization rate. The sale price is $1,542,980, translating to $696.60 per square foot. The lease includes two 5-year renewal options. This fee-simple ownership offers a stable, long-term investment with a strong tenant and excellent location within a thriving commercial area. The property benefits from strong demographics, with a population of over 45,000 and average income exceeding $55,000 within a 3-mile radius. This location is supported by numerous local and national businesses. The property is suitable for a 1031 exchange.

    Property Features for 6824 Lincoln Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    2,215 SF
    Lot Size
    33,106 SF

    HighLights

    • NNN Lease with Percentage Rent based on gross sales.
    • Excellent location on W Indiana 930.
    • Established business with over 20 years of operation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.051890300948
    Latitude
    41.069560910841

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    FAQs

    What type of property is this?
    Restaurant - Corporate-guaranteed Wendy's, strong ROI
    Where is this restaurant located?
    The property is located at 6824 Lincoln Hwy Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,542,980.
    What are key features of this property?
    This property features: NNN Lease with Percentage Rent based on gross sales.; Excellent location on W Indiana 930.; Established business with over 20 years of operation.
    Request Owner's contact information
    6824 Lincoln Hwy Fort Wayne, IN 46803
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    Fort Wayne, IN 46803
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    Realmo Value Estimation

    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.

    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.

    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
    6824 Lincoln Hwy Fort Wayne, IN 46803
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