6824 Lincoln Hwy Fort Wayne, IN 46803
- Retail properties
- 2,215 SF
- 0.76 lot acres
Current Use by Public Records
- Wendy's / Hamburger Restaurant / Restaurant
Property Details for 6824 Lincoln Hwy
- Lot size
- 0.76 lot acres
- Property size
- 2,215 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.0519
- Latitude
- 41.0696
