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10180 Diebold Rd
Fort Wayne, IN 46825 North Fort Wayne

$3,575,000 USD

Restaurant For Sale  •  5,541 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,541 SF
  • Lot Size 1.41 AC
  • Building Class B
  • Year Built 2020
  • Cap Rate 7.50 %
  • Tenancy Single
0 Transit Score
45 Walk Score

Highlights

Long-Term Lease: The subject property offers a 15-year absolute triple-net lease upon close of escrow.
Prime Retail Corridor Location: Located off of E Dupont Road, a major retail corridor and main thoroughfare that experiences +/-30K VPD.
Zero Landlord Responsibilities: This Giordano’s investment offers an incoming investor a complete passive investment opportunity with a NNN lease.
Affluent Demos: The Property is located in an area of Fort Wayne that has an average household income of +/-100K in a 3-mile radius.
Surrounded by New Developments: In the last 24 months, this corridor has seen new multi-family and retail shopping center developments.
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Giordano's 5,541 SF 12/31/2040

Amenities

  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Fort Wayne International 32 min - 22.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 62
Type: Surface
Included in Rent: Yes
Tyler Binkley 260-377-5002 Marcus & Millichap
Tyler Binkley 260-377-5002 Marcus & Millichap