1050 Coliseum Blvd Fort Wayne, IN 46805-1331

This exceptional investment opportunity presents a 1,421-square-foot Take 5 Oil Change located at 1050 E. Coliseum Blvd, Fort Wayne, Indiana, 46805. Situated on a 0.32-acre lot, this property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $124,278. The property is subject to a 15-year triple-net (NNN) lease, commencing December 27, 2022, and expiring December 31, 2037, leaving a remaining lease term of approximately 13.1 years. The lease is guaranteed by a franchisee, backed by Baldwin Capital Partners, which operates 24 Take 5 Oil Change locations, providing significant financial stability. The lease includes a built-in rent escalator, featuring a 10% increase every five years, ensuring consistent income growth. Built in 2023, this well-maintained property offers a secure, long-term investment with a price of $1,841,156 ($1,295.68 per square foot). The property's strong tenant, favorable lease terms, and prime location in Fort Wayne, Allen County, make it an attractive addition to any investment portfolio. The 100% occupancy rate further solidifies its value and potential for future returns. This is a rare opportunity to acquire a high-performing, passively managed asset with significant upside potential.