9.2% Cap Absolute NNN Investment

The Fort Wayne metro is situated in Northeastern Indiana, roughly 125 miles northeast of Indianapolis, and it borders Ohio. The market consists of Allen, Wells and Whitley counties. The 2020 U.S. Census places the population of the three-county Fort Wayne Metropolitan Statistical Area above 430,000. Fort Wayne is home to 270,402 of Allen County’s 382,187 residents, making two thirds of the county’s resident’s city dwellers. Fort Wayne is the second-largest city in the state of Indiana, and the hub of Northeast Indiana. Forty Wayne and Allen County is Indiana’s second-largest market, located between the Chicago, Detroit, and Indianapolis metro areas. Half the U.S. population is within a one-day drive.Introducing a prime investment opportunity at 1111 Chestnut Hills Pkwy, Fort Wayne, IN, Allen County. The subject property is situated in Northeastern Indiana, roughly 125 miles northeast of Indianapolis. Fort Wayne is Indiana’s second-largest market, located between the Chicago, Detroit, and Indianapolis metro areas (half the U.S. population is within a one day drive). There are more than 240 companies with expansion projects in Allen County, totaling $5 billion in private investment and more than 15,000 new jobs. The building is occupied by a national insurance company with absolute NNN lease. Indiana is home to 179 insurance companies. Back in 2001, the insurance industry contributed nearly $3.8 billion to Indiana’s gross state product. This impressive 25,087 SF, C1-zoned office building offers a 9.2% cap rate with a guaranteed NOI of $643,693.80. With a single national tenant committed for at least 7 years, this absolute NNN property delivers a secure, hassle-free investment. The lease is virtually impossible to terminate as it will result in huge termination fee of over $6,000,000 to the tenant! The Class A building, originally constructed in 2001 and meticulously maintained, boasts 75 parking spaces, located near Interstate 69, with exceptional visibility and accessibility. This is the definition of a worry-free, high-return investment.