• Sale Price
    $1,750,000
  • Year Built
    1991
  • Building Size
    12,588 SF
  • Date Available
    Immediate
  • Cap Rate
    8.475%
  • Land Area
    1.30 AC
  • Frontage on E State Blvd
    100 FT
  • Years Renovated
    2008/2010
  • Parking Spaces
    18
  • Property Type
    Investment, Retail

Overview

Sturges Property Group is pleased to present the opportunity to acquire a freestanding single-tenant retail property located at 6161 E State Boulevard on Fort Wayne’s northeast side. Situated on a 1.30-acre site along one of the area’s established commercial corridors, the property features a well-maintained masonry building originally constructed in 1991 with substantial
showroom and warehouse expansions completed in 2008 and 2010. The property is currently leased to a long-term single tenant under a triple-net (NNN) lease, offering investors stable cash flow through 2031. This presents investors a rare opportunity
to acquire a well established, income producing asset in a proven retail corridor with strong surrounding demographics.The tenant's long operating history at the site and significant investment into the improvements underscore the property’s functional utility and long-term suitability for continued commercial use. With minimal landlord responsibilities under the existing lease structure, the asset is well-positioned for passive ownership and predictable returns.

Please do not approach the business!

Contact Robert Doyle with a completed Confidentiality Agreement to receive the OM.

Map of Location

Sturges Property Group - Robert Doyle, Business & CRE Broker
Robert Doyle Broker & Business Broker
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