10830 Coldwater Rd - Service Station FOR SALE


Fort Wayne, IN 46845
$1,319,314 USD
980-613-4890
10830 Coldwater Rd, Fort Wayne, IN for Sale
$1,319,314 USD
Service Station - FOR SALE
1/6
null | 6.85% Cap Rate

10830 Coldwater Rd
Fort Wayne, IN 46845


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).

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.

FOR SALE DETAILS

PRICE

$1,319,314 USD

PRICE/SF

$351 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strickland Brothers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C-2

APN/PARCEL ID

02-02-34-303-001.000-091

ASK ABOUT THIS PROPERTY

Ryan EklundNetCapital Real Estate AdvisorsMore Info
980-613-4890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ryan EklundNetCapital Real Estate AdvisorsMore Info
980-613-4890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.