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Red Lobster

Fort Wayne, Indiana

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NNN Pro Group is pleased to present the Red Lobster located at 4825 Coldwater Road in Fort Wayne, IN. The site consists of roughly 9,497 rentable square feet of building space on an estimated 1.57-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2039. The rent is scheduled to increase by 2% annually every and in each of the option periods.

✓ Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining
✓ World’s Largest Seafood Restaurant | Serving Customers in 11 Countries
✓ Down the Road from Two Shopping Centers | Glenbrook Square Shopping Mall and Northcrest Shopping Center
✓ Corporate Guaranty | Over 640 locations in North America
✓ Strong Inflation Hedge | Attractive 2.0% Annual Increases
✓ Ideal Demographics | Population Exceeds 352,200 Within a Ten-Mile Radius
✓ Prime Location | Several Anchor Tenants | Walmart, Target, Aldi, Costco, Kohl’s, Kroger’s, Best Buy and Many More

Key Details

Price:
$6,757,956
Cap Rate:
7.00%
Annual Rent:
$473,056
Address:
4825 Coldwater Road, Fort Wayne, Indiana 46825
Property Type:
Net Leased Restaurants
Lease Type:
Triple Net (NNN)

Original Lease Term:
21 Years
Lease Commencement:
October 4, 2018
Lease Expiration:
July 31, 2039
Lease Term Remaining:
15+ Years
Rental Increases:
2% Annually
Lot Size:
+/- 1.57 Acres
Building Size:
9 SF
Tenant:
Red Lobster

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty, Inc

License: RB14037939


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