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Restaurant

Biaggi's Ristorante Italiano

4010 W Jefferson Blvd, Fort Wayne, IN 46804

Listing Price: $3,225,806

Cap Rate
7.75%
Tenant Name
Biaggi's Ristorante Italiano
Years Remaining On Lease
4.8
Gross SF
9,500
Guarantor
Corporate Guarantee
Rentable SF
9,500
Price/Gross SF
$339.56
Lease Type
Absolute Net
Rent Per Square Feet
$26.32

Investment Overview

Outparcel to Jefferson Pointe Open Air Lifestyle Center – in the Top 12% of Regional Malls Nationwide and the #1 Regional Mall in Indiana in Foot Traffic | Adjacent to Apple Glen Crossing – in the Top 9% of Community Shopping Centers Nationwide and the Top 5% of Community Shopping Centers in Indiana in Foot Traffic (Placer.ai)

Tenant Invested $500K for Complete Interior Remodel | Remodel Completed in 2024

Tenant Owner Has 25 Years of Operational History as a Multi-Concept Restaurant Operator | Biaggi’s Has 16 Locations in Eight States | Very Consistent Strong Historical Sales – See Agents for Details | Tenant Maintained 2023 Sales Volume in 2024 Despite Being Closed One Month for Interior Remodel

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 5.9 Million Visits in 2024 | Apple Glen Crossing Had 4.7 Million Visits in 2024

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

  • Built-To-Suit for Biaggi's Ristorante Italiano in 2001 | Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement Cost
  • Tenant Invested $500K for Complete Interior Remodel | Remodel Completed in 2024
  • 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

Restaurant

Biaggi's Ristorante Italiano

Listing Price: $3,225,806

Cap Rate
7.75%
Tenant Name
Biaggi's Ristorante Italiano
Years Remaining On Lease
4.8
Gross SF
9,500
Guarantor
Corporate Guarantee
Rentable SF
9,500
Price/Gross SF
$339.56
Lease Type
Absolute Net
Rent Per Square Feet
$26.32

Investment Highlights

  • Built-To-Suit for Biaggi's Ristorante Italiano in 2001 | Absolute NNN Lease with Corporate Guarantee | Priced Well Below Replacement Cost
  • Tenant Invested $500K for Complete Interior Remodel | Remodel Completed in 2024
  • 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 Overview

Outparcel to Jefferson Pointe Open Air Lifestyle Center – in the Top 12% of Regional Malls Nationwide and the #1 Regional Mall in Indiana in Foot Traffic | Adjacent to Apple Glen Crossing – in the Top 9% of Community Shopping Centers Nationwide and the Top 5% of Community Shopping Centers in Indiana in Foot Traffic (Placer.ai) Tenant Invested $500K for Complete Interior Remodel | Remodel Completed in 2024 Tenant Owner Has 25 Years of Operational History as a Multi-Concept Restaurant Operator | Biaggi’s Has 16 Locations in Eight States | Very Consistent Strong Historical Sales – See Agents for Details | Tenant Maintained 2023 Sales Volume in 2024 Despite Being Closed One Month for Interior Remodel 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 5.9 Million Visits in 2024 | Apple Glen Crossing Had 4.7 Million Visits in 2024 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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