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Restaurant

Biaggi's Ristorante Italiano

4010 W Jefferson Blvd, Fort Wayne, IN 46804

Listing Price: $3,400,000

Cap Rate
7.35%
Tenant Name
Biaggi's Ristorante Italiano
Years Remaining On Lease
5.7
Gross SF
9,500
Guarantor
Corporate Guarantee
Rentable SF
9,500
Price/Gross SF
$357.89
Lease Type
Absolute Net
Rent Per Square Feet
$26.32

Investment Overview

Tenant Owner Has 24 Years of Operational History as a Multi-Concept Restaurant Operator | Biaggi’s Has 16 Locations in Eight States | Tenant Reports Strong Unit-Level Historical Sales and Year-Over-Year Increasing Sales – See Agents for Details

Built-To-Suit for Biaggi’s Ristorante Italiano in 2001 | Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement Cost

Outparcel to Jefferson Pointe Open Air Lifestyle Center – in the Top 10% of Regional Malls Nationwide in Foot Traffic Per Placer.ai

Surrounded by National Retailers, including Best Buy, Kohl’s, Walmart, Bed Bath & Beyond, Target, AMC Theater, , Marshalls, Barnes & Noble, Bath & Body Works, and More | Jefferson Pointe Had 5.2 Million Visits in 2021 | Apple Glen Crossing Had 3.9 Million Visits in 2021

Signalized Intersections at the North and South of Apple Glen Blvd, Which Runs Between Jefferson Pointe and Apple Glen Crossing, and Has Multiple Ingress/Egress Points to Both Centers

Highly Trafficked Outparcel Location | Exposure to Combined Traffic Count of 80,000+ on W Jefferson Blvd and Illinois Rd | Five Miles from I-69 (70,932 VPD)

Investment Highlights

  • Tenant Reports Strong Unit-Level Historical Sales and Year-Over-Year Increasing Sales - See Agents for Details
  • Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement Cost
  • Outparcel to Jefferson Pointe Open Air Lifestyle Center | In the Top 10 Percent of Regional Malls Nationwide per Placer.ai

Exclusively Listed By

Restaurant

Biaggi's Ristorante Italiano

Listing Price: $3,400,000

Cap Rate
7.35%
Tenant Name
Biaggi's Ristorante Italiano
Years Remaining On Lease
5.7
Gross SF
9,500
Guarantor
Corporate Guarantee
Rentable SF
9,500
Price/Gross SF
$357.89
Lease Type
Absolute Net
Rent Per Square Feet
$26.32

Investment Highlights

  • Tenant Reports Strong Unit-Level Historical Sales and Year-Over-Year Increasing Sales - See Agents for Details
  • Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement Cost
  • Outparcel to Jefferson Pointe Open Air Lifestyle Center | In the Top 10 Percent of Regional Malls Nationwide per Placer.ai

Investment Overview

Tenant Owner Has 24 Years of Operational History as a Multi-Concept Restaurant Operator | Biaggi’s Has 16 Locations in Eight States | Tenant Reports Strong Unit-Level Historical Sales and Year-Over-Year Increasing Sales – See Agents for Details Built-To-Suit for Biaggi’s Ristorante Italiano in 2001 | Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement Cost Outparcel to Jefferson Pointe Open Air Lifestyle Center – in the Top 10% of Regional Malls Nationwide in Foot Traffic Per Placer.ai Surrounded by National Retailers, including Best Buy, Kohl’s, Walmart, Bed Bath & Beyond, Target, AMC Theater, , Marshalls, Barnes & Noble, Bath & Body Works, and More | Jefferson Pointe Had 5.2 Million Visits in 2021 | Apple Glen Crossing Had 3.9 Million Visits in 2021 Signalized Intersections at the North and South of Apple Glen Blvd, Which Runs Between Jefferson Pointe and Apple Glen Crossing, and Has Multiple Ingress/Egress Points to Both Centers Highly Trafficked Outparcel Location | Exposure to Combined Traffic Count of 80,000+ on W Jefferson Blvd and Illinois Rd | Five Miles from I-69 (70,932 VPD)

Exclusively Listed By

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