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