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Miscellaneous

Do it Best Hardware

1642 N Wells St, Fort Wayne, IN 46808

Listing Price: $1,158,000

Cap Rate
7.25%
Tenant Name
Do it Best Hardware
Years Remaining On Lease
8.8
Gross SF
9,085
Guarantor
Limited Corporate Guarantee
Rentable SF
9,085
Price/Gross SF
$127.46
Lease Type
Absolute Net
Rent Per Square Feet
$9.25

Investment Overview

Freestanding Do it Best Hardware & Rental Located in Downtown Fort Wayne | Close to 9 Years Remaining on Absolute NNN Lease with 6.5% Annual Rental Increases Every 5 Years 9,085 Square Foot Building Located 1.5 Miles from Current $20M Riverfront Development | Dense Daytime 5 Mile Population of 221,635 Do it Best Invested in a Complete Renovation, New Roof and a 3,011 Square Foot Expansion in 2014 to Meet Growing Demand This Do it Best Location was Acquired by Nation's Best, a Home Improvement Store Holding Company, in November of 2020 | Nation’s Best Holdings Has 13 Companies with 27 Locations Across 8 States and 675 Associates | Companies Include Do it Best, Crafty Beaver, Ron’s Lumber, Gilmer Lumber, HIPP, Lambert Lumber and More Do it Best Benefits from Foot Traffic from Many Adjacent Downtown Destinations: Headwaters Park, Science Central, United Arts Center, Fort Wayne Outfitters, Promenade Park, Parkview Field (Tincaps Stadium) Large Pylon Sign and Frontage to Wells Street with ~ 17,000 Vehicles per Day | 1 Loading Dock | Adjacent to Clinton Street – Main Retail Artery Located in Densely Populated, Central Business District in the 2nd Largest City in Indiana | Five Mile Population Exceeds 180,600 Residents

Investment Highlights

  • ?Freestanding Do it Best Hardware & Rental Located in Downtown Fort Wayne | Close to 9 Years Remaining on Absolute NNN Lease with 6.5% Annual Rental Increases Every 5 Years
  • ?9,085 Square Foot Building Located 1.5 Miles from Current $20M Riverfront Development | Dense Daytime 5 Mile Population of 221,635
  • ?Do it Best Invested in a Complete Renovation, New Roof and a 3,011 Square Foot Expansion in 2014 to Meet Growing Demand
  • ?This Do it Best Location was Acquired by Nation's Best, a Home Improvement Store Holding Company, in November of 2020 | Nation's Best Holdings Has 13 Companies with 27 Locations Across 8 States and 675 Associates | Companies Include Do it Best, Crafty Beaver, Ron's Lumber, Gilmer Lumber, HIPP, Lambert Lumber and More
  • ?Large Pylon Sign and Frontage to Wells Street with ~ 17,000 Vehicles per Day | 1 Loading Dock | Adjacent to Clinton Street – Main Retail Artery
  • ?Do it Best Benefits from Foot Traffic from Many Adjacent Downtown Destinations: Headwaters Park, Science Central, United Arts Center, Fort Wayne Outfitters, Promenade Park, Parkview Field (Tincaps Stadium)

Exclusively Listed By

Financing By

Miscellaneous

Do it Best Hardware

Listing Price: $1,158,000

Cap Rate
7.25%
Tenant Name
Do it Best Hardware
Years Remaining On Lease
8.8
Gross SF
9,085
Guarantor
Limited Corporate Guarantee
Rentable SF
9,085
Price/Gross SF
$127.46
Lease Type
Absolute Net
Rent Per Square Feet
$9.25

Investment Highlights

  • ?Freestanding Do it Best Hardware & Rental Located in Downtown Fort Wayne | Close to 9 Years Remaining on Absolute NNN Lease with 6.5% Annual Rental Increases Every 5 Years
  • ?9,085 Square Foot Building Located 1.5 Miles from Current $20M Riverfront Development | Dense Daytime 5 Mile Population of 221,635
  • ?Do it Best Invested in a Complete Renovation, New Roof and a 3,011 Square Foot Expansion in 2014 to Meet Growing Demand
  • ?This Do it Best Location was Acquired by Nation's Best, a Home Improvement Store Holding Company, in November of 2020 | Nation's Best Holdings Has 13 Companies with 27 Locations Across 8 States and 675 Associates | Companies Include Do it Best, Crafty Beaver, Ron's Lumber, Gilmer Lumber, HIPP, Lambert Lumber and More
  • ?Large Pylon Sign and Frontage to Wells Street with ~ 17,000 Vehicles per Day | 1 Loading Dock | Adjacent to Clinton Street – Main Retail Artery
  • ?Do it Best Benefits from Foot Traffic from Many Adjacent Downtown Destinations: Headwaters Park, Science Central, United Arts Center, Fort Wayne Outfitters, Promenade Park, Parkview Field (Tincaps Stadium)

Investment Overview

Freestanding Do it Best Hardware & Rental Located in Downtown Fort Wayne | Close to 9 Years Remaining on Absolute NNN Lease with 6.5% Annual Rental Increases Every 5 Years 9,085 Square Foot Building Located 1.5 Miles from Current $20M Riverfront Development | Dense Daytime 5 Mile Population of 221,635 Do it Best Invested in a Complete Renovation, New Roof and a 3,011 Square Foot Expansion in 2014 to Meet Growing Demand This Do it Best Location was Acquired by Nation's Best, a Home Improvement Store Holding Company, in November of 2020 | Nation’s Best Holdings Has 13 Companies with 27 Locations Across 8 States and 675 Associates | Companies Include Do it Best, Crafty Beaver, Ron’s Lumber, Gilmer Lumber, HIPP, Lambert Lumber and More Do it Best Benefits from Foot Traffic from Many Adjacent Downtown Destinations: Headwaters Park, Science Central, United Arts Center, Fort Wayne Outfitters, Promenade Park, Parkview Field (Tincaps Stadium) Large Pylon Sign and Frontage to Wells Street with ~ 17,000 Vehicles per Day | 1 Loading Dock | Adjacent to Clinton Street – Main Retail Artery Located in Densely Populated, Central Business District in the 2nd Largest City in Indiana | Five Mile Population Exceeds 180,600 Residents

Exclusively Listed By

Financing By

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