Investment Overview

Marcus & Millichap is pleased to present for sale the Giordano’s located in Fort Wayne, Indiana. Built in 2020, the Subject Property is located off the intersection of Diebold Road and E Dupont Road, which is one of the busiest and highly-traveled corridors in the entire city and experiences +/-30,000 VPD. The immediate area is filled with numerous local, regional and national retailers, apartment complexes, and medical and traditional office buildings and directly across the street is the Parkview Health Campus, a +/-1M-square foot medical and hospital complex spanning 260 acres. The Property sits on 1.41 acres and in the entrance of a commercial development that contains Meijer, Smoothie King, Qdoba, Holiday Inn Express, Mike’s Car Wash, Valvoline and other retailers. This Giordano’s is being offered as an absolute, triple-net lease investment that will have a brand-new, 15-year lease signed upon closing; offering any incoming investor long-term investment passivity with zero landlord responsibilities. The lease contains 1.50% annual rental escalators throughout the base term of the lease and during each of the two, five-year renewal options; offering an increased return on the investment year-over-year. This is a great opportunity to own a passive, long-term, net-lease investment in a submarket that is experiencing accelerated residential and commercial growth.