Strickland Brothers - NNN Net Lease Property for Sale
Fort Wayne, IN
Key Investment Metrics
Price
$3,104,000
Cap Rate
5.8%
Net Operating Income
$180,000
Building Size
4000 SF
Lot Size
3,754 SF
Land Area
0.5 Acres
Year Built
2025
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Strickland Brothers Net Lease Property
This Strickland Brothers 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 4000 square feet of building space and was built in 2025.
With a cap rate of 5.8%, this Strickland Brothers net lease property offers stable income potential. The asking price is $3,104,000, making it an attractive option for 1031 exchange investors seeking quality Strickland Brothers commercial properties.
Why Invest in Strickland Brothers NNN Properties?
- Stable Income: Strickland Brothers net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Strickland Brothers 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 Strickland Brothers property benefits from strong local demographics and market fundamentals. The Fort Wayne area offers excellent visibility and accessibility, making it an ideal location for Strickland Brothers operations and a solid investment for net lease property buyers.