Home Depot 6235 Lima Rd

6235 Lima Rd | Fort Wayne | IN | 46818


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Property Highlights

    • Home Depot, Inc. | S&P: A | NYSE: HD
    • Absolute NNN (building and land)
    • Extremely low, below market rent of $5.25 psf
    • Increases in options
    • Generational asset in prime location
    • 5-Mile radius: 130,000+ people

Property Details

  • Price: $ 14,400,000
  • Transaction Type: For Sale
  • Property Type: Land
  • Building Size: 109,733 SF
  • Lot Size: 7 AC
  • Cap Rate: 4%
  • Lease Term 6 years
  • Lease Type NNN
Rent Commencement: : 10/25/1993
Lease Expiration Date: : 1/31/2028
Current Rent : $576,457 ($5.25 psf)
Base Term Escalations: : none
Options: : Nine (5) year options
Options Escalations: : Flat 5% every 5 years
Rent : $576,457
Credit Rating : A

Property Description

HMX Realty Advisors exclusively presents a fully depreciable, NNN Home Depot in one of the most desirable locations, Fort Wayne. Home Depot’s rent is approximately 40% below market and has rental increases in options. The property is located on Lima Rd., the main retail thoroughfare. Retailers in the immediate area include Sam’s Club, CVS, Starbucks, Burger King and McDonald’s among many others. There are over 130,000 people within 5-miles of the property.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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