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Miscellaneous

Big Red Liquors

1031 Broadway, Fort Wayne, IN 46802

Listing Price: $1,253,436

Cap Rate
7.10%
Tenant Name
Big Red Liquors
Years Remaining On Lease
5.0
Gross SF
6,742
Guarantor
Corporate Guarantee
Rentable SF
6,742
Price/Gross SF
$185.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.20

Investment Overview

Freestanding Property Located at a Hard Corner in the Center of Downtown Fort Wayne, the 2nd Largest City in Indiana  | Big Red Liquors Guarantees the Lease and Acquired the Cap N' Cork Operations | Big Red Liquors is the Largest Liquor Store Chain in the Midwest with 108 Locations 

High Traffic, Hard Corner Location - Located at the Signalized Intersection of Broadway & W Jefferson (Main Street) with a Combined Traffic Count of 27,061 | W. Jefferson Blvd (Main Street) is a Major North-South Artery 

Located Across from Parkview Field, with Over 500,000 Visitors per Year | Site Benefits from an Immense Amount of Recent Downtown Investment: The Landing ($51M), The Riverfront at Promenade Park ($90M), Electric Works ($412M) and The Pearl ($72M)

Established Location with Long Term Occupancy - the Property was Built to Suit for Cap N' Cork and Has 5.18 Years Remaining on the NNN Lease with Two Five-Year Options 

Ecommerce-Resistant Tenant | Alcohol Retail Remains Largely Insulated from E-Commerce Disruption, Supporting Long-Term Tenant Stability

The NNN Lease Offers Below-Market Rent of $12.00 per Square Foot and Landlord-Friendly Lease Language | Tenant Reimburses for Taxes, Insurance, and CAM, Including the Parking Lot and Pays a Management Fee

Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure

Investment Highlights

  • Freestanding Property Located at a Hard Corner in the Center of Downtown Fort Wayne, the 2nd Largest City in Indiana
  • High Traffic, Hard Corner Location - Located at the Signalized Intersection of Broadway & W Jefferson (Main Street) with a Combined Traffic Count of 27,061
  • Located Across from Parkview Field, with Over 500,000 Visitors per Year | Site Benefits from an Immense Amount of Recent Downtown Investment

Exclusively Listed By

Miscellaneous

Big Red Liquors

Listing Price: $1,253,436

Cap Rate
7.10%
Tenant Name
Big Red Liquors
Years Remaining On Lease
5.0
Gross SF
6,742
Guarantor
Corporate Guarantee
Rentable SF
6,742
Price/Gross SF
$185.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.20

Investment Highlights

  • Freestanding Property Located at a Hard Corner in the Center of Downtown Fort Wayne, the 2nd Largest City in Indiana
  • High Traffic, Hard Corner Location - Located at the Signalized Intersection of Broadway & W Jefferson (Main Street) with a Combined Traffic Count of 27,061
  • Located Across from Parkview Field, with Over 500,000 Visitors per Year | Site Benefits from an Immense Amount of Recent Downtown Investment

Investment Overview

Freestanding Property Located at a Hard Corner in the Center of Downtown Fort Wayne, the 2nd Largest City in Indiana  | Big Red Liquors Guarantees the Lease and Acquired the Cap N' Cork Operations | Big Red Liquors is the Largest Liquor Store Chain in the Midwest with 108 Locations  High Traffic, Hard Corner Location - Located at the Signalized Intersection of Broadway & W Jefferson (Main Street) with a Combined Traffic Count of 27,061 | W. Jefferson Blvd (Main Street) is a Major North-South Artery  Located Across from Parkview Field, with Over 500,000 Visitors per Year | Site Benefits from an Immense Amount of Recent Downtown Investment: The Landing ($51M), The Riverfront at Promenade Park ($90M), Electric Works ($412M) and The Pearl ($72M) Established Location with Long Term Occupancy - the Property was Built to Suit for Cap N' Cork and Has 5.18 Years Remaining on the NNN Lease with Two Five-Year Options  Ecommerce-Resistant Tenant | Alcohol Retail Remains Largely Insulated from E-Commerce Disruption, Supporting Long-Term Tenant Stability The NNN Lease Offers Below-Market Rent of $12.00 per Square Foot and Landlord-Friendly Lease Language | Tenant Reimburses for Taxes, Insurance, and CAM, Including the Parking Lot and Pays a Management Fee Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure

Exclusively Listed By

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