Strickland Brothers | 10830 Coldwater Rd
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Strickland Brothers 10830 Coldwater Rd
3,754 SF Retail Building Fort Wayne, IN 46845 $1,910,894 CAD ($509 CAD/SF) 6.85% Cap Rate
Investment Highlights
- Approximately 18 minutes from downtown Fort Wayne, Indiana and Fort Wayne Museum of Art.
- Approximately 10 minutes from Parkview Regional Medical Center *938 beds*.
- Close proximity to I-69 (67,000 vpd) and I-469 (11,000 vpd).
- Approximately 16 minutes from Purdue University Fort Wayne *14,326 students*.
- Approximately 7 minutes from Dupont Hospital *131 beds*.
Executive Summary
NetCapital Real Estate Advisors is pleased to offer for sale, the fee-simple interest in long-term leased, single-tenant Strickland Brothers
“10 Minute Oil Change” (the “Property”) located in Fort Wayne, Indiana. Strickland Brothers is a rapidly expanding brand with 175
existing locations, expected to grow to 242 by 2024. The tenant has committed to a 15-year, triple net lease (NNN) with 10% bumps
every 5 years. The property is located along Coldwater Road (15,800 VPD) a dense retail and residential corridor.
“10 Minute Oil Change” (the “Property”) located in Fort Wayne, Indiana. Strickland Brothers is a rapidly expanding brand with 175
existing locations, expected to grow to 242 by 2024. The tenant has committed to a 15-year, triple net lease (NNN) with 10% bumps
every 5 years. The property is located along Coldwater Road (15,800 VPD) a dense retail and residential corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,754 SF
Building Class
C
Year Built
1997
Price
$1,910,894 CAD
Price Per SF
$509 CAD
Cap Rate
6.85%
NOI
$130,896 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.71 AC
Zoning
C-2 - Commercial
Parking
18 Spaces (4.79 Spaces per 1,000 SF Leased)
Frontage
159 ft on Coldwater Rd
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02-02-34-303-001.000-091 | Improvements Assessment | $78,789 CAD |
| Land Assessment | $145,235 CAD | Total Assessment | $224,024 CAD |
PROPERTY TAXES
Parcel Number
02-02-34-303-001.000-091
Land Assessment
$145,235 CAD
Improvements Assessment
$78,789 CAD
Total Assessment
$224,024 CAD
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Strickland Brothers | 10830 Coldwater Rd
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