Advance Auto Parts - Fort Wayne, IN | 3810 E State Blvd
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Advance Auto Parts - Fort Wayne, IN 3810 E State Blvd
7,000 SF Retail Building Fort Wayne, IN 46805 $726,667 ($104/SF) 7.50% Cap Rate
Investment Highlights
- Tenant Has Been at This Prime Location Since 1998, Demonstrating a Steadfast Commitment to the Site
- Situated Within Fort Wayne, Indiana's Second-Largest City, Boasting a Vibrant Population Exceeding 265,000 Residents
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
- Over 3-Years Remaining on a Corporate-Guaranteed Lease
- The Lease is Backed By Advance Auto Parts, a Company With an Investment Grade Credit Rating of BBB- From S&P & Baa2 From Moody's
- Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 3810 East State Boulevard in Fort Wayne, IN. This Deal Includes Over 3-Years Remaining on a Corporate Guaranteed Lease, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BOR: Andrew Ackerman Lic. IN #RB20001918
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BOR: Andrew Ackerman Lic. IN #RB20001918
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1998
Price
$726,667
Price Per SF
$104
Cap Rate
7.50%
NOI
$54,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Land Acres
1.00 AC
Zoning
C - Commercial
Parking
34 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
205 FT on E State Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 7,000 SF
- $7.29
- Double Net
- Jun 2028
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 7,000 SF | $7.29 | Double Net | Jun 2028 |
PROPERTY TAXES
| Parcel Number | 02-08-32-326-003.000-072 | Improvements Assessment | $345,500 |
| Land Assessment | $341,000 | Total Assessment | $686,500 |
PROPERTY TAXES
Parcel Number
02-08-32-326-003.000-072
Land Assessment
$341,000
Improvements Assessment
$345,500
Total Assessment
$686,500
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Jack Liberatore -
Clifton McCrory -
Adam Scherr -
Daniel Hoogesteger -
Max Freedman -
Sands Investment Group
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Advance Auto Parts - Fort Wayne, IN | 3810 E State Blvd
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