10830 Coldwater Rd, Fort Wayne, IN 46845
3,754 SF | Retail Building | Fort Wayne, IN 46845 | $1,348,088 ($359/SF) | 6.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,348,088
- Property Type
-
Retail
- Square Feet
- 3,754 SF
- Price / Square Foot
- $359
Listing Contacts
Ryan Eklund
Verified Profile
Cabell Sheild
Verified Profile
- Property Info
Property Overview
NetCapital Real Estate Advisors is pleased to offer for sale, the fee-simple interest in long-term leased, single-tenant Strickland Brothers
“10 Minute Oil Change” (the “Property”) located in Fort Wayne, Indiana. Strickland Brothers is a rapidly expanding brand with 175
existing locations, expected to grow to 242 by 2024. The tenant has committed to a 15-year, triple net lease (NNN) with 10% bumps
every 5 years. The property is located along Coldwater Road (15,800 VPD) a dense retail and residential corridor.
“10 Minute Oil Change” (the “Property”) located in Fort Wayne, Indiana. Strickland Brothers is a rapidly expanding brand with 175
existing locations, expected to grow to 242 by 2024. The tenant has committed to a 15-year, triple net lease (NNN) with 10% bumps
every 5 years. The property is located along Coldwater Road (15,800 VPD) a dense retail and residential corridor.
Property Details
- Class
- C
- Year Built
- 1997
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 30,928 SF
Highlights
- Approximately 18 minutes from downtown Fort Wayne, Indiana and Fort Wayne Museum of Art.
- Approximately 16 minutes from Purdue University Fort Wayne *14,326 students*.
- Approximately 10 minutes from Parkview Regional Medical Center *938 beds*
- Approximately 7 minutes from Dupont Hospital *131 beds*
- Close proximity to I-69 (67,000 vpd) and I-469 (11,000 vpd)
Nearby Properties
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