6320 Bluffton Rd Fort Wayne, IN 46809
- Retail properties
- 9,100 SF
- 1.50 lot acres
Current Use by Public Records
- Dollar General / Beauty Supply Store / Convenience Store
- Western Union / Money Transfer Service / Money Order Service
Property Details for 6320 Bluffton Rd
- Year built
- 2008
- Lot size
- 1.50 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fully leased, single-tenant convenience store located at 6320 Bluffton Road, Fort Wayne, Indiana. The property boasts a 9,100 square foot building situated on a 1.5-acre lot, built in 2008. The property is zoned C2/Limited Commercial and features a strong credit tenant, Dollar General, under a NNN lease. The current lease expires July 31, 2025, with approximately 0.7 years remaining. The asking price is $1,030,000, representing a 5.00% cap rate, with a projected 5.6% renewal cap rate. The property enjoys 100% occupancy and benefits from a high-traffic location on Bluffton Road, experiencing 12,534 vehicles per day. Minimal landlord responsibilities are required due to the NNN lease structure. This is a turnkey investment opportunity with significant potential for long-term returns. The Allen County property (APN: 02-12-27-151-004.000-074) offers a rare chance to acquire a well-established, income-producing asset in a prime commercial location. The property's size and location make it an attractive investment for both seasoned and new investors seeking a stable and profitable addition to their portfolio. The price per square foot is $113.19.
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
- -85.1689
- Latitude
- 41.0252
