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Single-Tenant Office

Pine Valley Office Building | NNN Lease

11118 Coldwater Rd, Fort Wayne, IN 46845

Listing Price: $1,715,000

Cap Rate
7.00%
Tenant Name
NXTGEN, LLC
Years Remaining On Lease
3.9
Guarantor
Corporate Guarantee
Rentable SF
7,158
Lease Type
Absolute Net
Rent Per Square Feet
$16.76

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Pine Valley Office Building, a 7,158-square foot office building located within the Pine Valley Office Complex in Fort Wayne, Indiana. The building is triple-net leased to one of the largest privately-owned insurance agencies within Northeast Indiana which was founded in 1982. The tenant represents more than 40 insurance carriers nationwide and insures over 1,300 businesses and 1,800 households. The site is well located along Coldwater Road; which experiences approximately 15,800 vehicles-per-day and benefits from being located at the entrance to the Pine Valley Country Club, an 18-hole, Championship golf course that spans over 160 acres and offers a full-service country club experience equipped with pool, snack bar, and private restaurants. The Property offers any incoming investor an opportunity to acquire a well-maintained and highly-visible, triple-net leased office building in an affluent neighborhood setting with high average household incomes and a major metro location. With the tenant fully responsible for all maintenance at the subject site, an incoming investor can purchase this property and generate a passive income stream from the existing tenant.

Investment Highlights

  • Absolute NNN Lease Offers Zero Landlord Responsibilities
  • Located in the 2nd Largest City in Indiana; Fort Wayne Has Approximately Half A Million Residents
  • 1 Mile North of a Dense Retail Intersection with tenants such as Kroger, Wings, Etc., KFC, Wendy's, GoodWill, Subway, CVS, Walgreens, PNC Bank, Pizza hut, McDonald's, Penn Station and more
  • Highly-Visible and Well-Maintained Office Building Located – Average Household Income Exceeds $105,000+ Annually Nearby
  • The DeHayes Group Has Been in Business Since 1982 and is Licensed to Conduct Insurance Business in Over 40 States

Exclusively Listed By

Single-Tenant Office

Pine Valley Office Building | NNN Lease

Listing Price: $1,715,000

Cap Rate
7.00%
Tenant Name
NXTGEN, LLC
Years Remaining On Lease
3.9
Guarantor
Corporate Guarantee
Rentable SF
7,158
Lease Type
Absolute Net
Rent Per Square Feet
$16.76

Investment Highlights

  • Absolute NNN Lease Offers Zero Landlord Responsibilities
  • Located in the 2nd Largest City in Indiana; Fort Wayne Has Approximately Half A Million Residents
  • 1 Mile North of a Dense Retail Intersection with tenants such as Kroger, Wings, Etc., KFC, Wendy's, GoodWill, Subway, CVS, Walgreens, PNC Bank, Pizza hut, McDonald's, Penn Station and more
  • Highly-Visible and Well-Maintained Office Building Located – Average Household Income Exceeds $105,000+ Annually Nearby
  • The DeHayes Group Has Been in Business Since 1982 and is Licensed to Conduct Insurance Business in Over 40 States

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Pine Valley Office Building, a 7,158-square foot office building located within the Pine Valley Office Complex in Fort Wayne, Indiana. The building is triple-net leased to one of the largest privately-owned insurance agencies within Northeast Indiana which was founded in 1982. The tenant represents more than 40 insurance carriers nationwide and insures over 1,300 businesses and 1,800 households. The site is well located along Coldwater Road; which experiences approximately 15,800 vehicles-per-day and benefits from being located at the entrance to the Pine Valley Country Club, an 18-hole, Championship golf course that spans over 160 acres and offers a full-service country club experience equipped with pool, snack bar, and private restaurants. The Property offers any incoming investor an opportunity to acquire a well-maintained and highly-visible, triple-net leased office building in an affluent neighborhood setting with high average household incomes and a major metro location. With the tenant fully responsible for all maintenance at the subject site, an incoming investor can purchase this property and generate a passive income stream from the existing tenant.

Exclusively Listed By

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