Arco Gas Station - Net Lease Property for Sale
Fort Wayne, IN
Key Investment Metrics
Price
$1,295,000
Cap Rate
5.7%
Net Operating Income
$73,440
Building Size
2973 SF
Lot Size
2,973 SF
Land Area
0.7 Acres
Remaining Term
8.2 years
Lease Expiration
02/28/2034
Lease Term
10 years
Lease Commencement
02/29/2024
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2010
Occupancy
100%
Tenancy
Single
Rent Increases
2% Annually
About This Arco Gas Station Net Lease Property
This Arco Gas Station NNN (triple net lease) property is located in Fort Wayne, IN and represents an excellent investment opportunity for commercial real estate investors. The property features 2973 square feet of building space and was built in 2010.
With a cap rate of 5.7%, this Arco Gas Station net lease property offers stable income potential. The asking price is $1,295,000, making it an attractive option for 1031 exchange investors seeking quality Arco Gas Station commercial properties.
Why Invest in Arco Gas Station NNN Properties?
- Stable Income: Arco Gas Station net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Arco Gas Station is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Fort Wayne, IN Market Overview
Located in Fort Wayne, IN, this Arco Gas Station property benefits from strong local demographics and market fundamentals. The Fort Wayne area offers excellent visibility and accessibility, making it an ideal location for Arco Gas Station operations and a solid investment for net lease property buyers.