Burger King Fort Wayne, IN

2511 Spy Run Ave
Fort Wayne, IN

Price: $1392000
Cap Rate: 5.75%
NOI: $80,000
Building Size: Approx. 3309 Sq. Ft.
Lot Size: Approx. 1.21 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built / Renovated: 1986 / 2017

Investment Overview

  • 3,309+/- SF Building on 1.21+/- Acre Site – RENO 2017
  • New 20-Yr Abs NNN Lease w/ 10% Rent Bumps Every 5-Yrs
  • Located along Spy Run Ave (28K VPD), just S of I-69 (70K VPD)
  • Adjacent to North Side HS (1,800-Students), N of Downtown
  • Home to Indiana University – Purdue (14,300+ Enrollment)
  • 7-Miles S of Glenbrook Square Mall (15-Million Visitors/Year)
  • Major Employers: Parkview Health Sys. (7K) | General Motors (4K)
  • 3-Mile Radius: 2016 Est Pop: 82,380 l Est 5,226 Busi w/ 94,016 Employees

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