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Listed by Jesse Jasvir Singh • Blue Flag Realty Inc
$ 1,090,000
Est. payment | /mo
5,000 SqFt
$ 1,090,000
Est. payment | /mo
5,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $218
MLS Listing ID 22074688
Tax Year 2024
Lot Size 1.540 Acres
Acres 1.54
Property Sub-Type Retail
Property Description
FOR SALE - PRIME NNN INVESTMENT OPPORTUNITY El Rancho Mex Grill | Columbia City / Fort Wayne, IN Corridor Discover a high-yield commercial investment located on one of the busiest intersections in the region - US-30 & County Line Road. This is a rare chance to acquire a fully leased restaurant property in a thriving commercial corridor surrounded by trucking, travel, industrial, and retail activity. Property Overview Building Size: 5,000 SF Lot Size: 1.54 Acres (Commercial Zoned) Lease Income: $6,500/month + NNN Annual Rent Escalation: 3% Parking: Entire lot is asphalt paved & lined with space for 80 vehicles Location: High-visibility hard corner on US-30 & County Line Rd Neighbor: Directly next to All American Travel Plaza (Truck Stop) Investment Highlights Stable NNN Lease: Tenant covers taxes, insurance & maintenance-minimal landlord responsibilities Scheduled 3% Annual Rent Increases: Predictable, inflation-hedged income High-Traffic Corner: Excellent visibility and 24/7 traffic flow from US-30 Prime Commercial Corridor: Serves Columbia City and Fort Wayne markets Strong Tenant Location: Restaurant benefits from heavy truck stop and commuter traffic Ample Parking: 80+ paved spaces-ideal for restaurant, travel-related business, or future redevelopment Large 1.54-Acre Lot: Long-term upside and flexibility
Location
State IN
County Allen
Zoning Commercial
Interior
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Septic System
Building
Story 1
Water Well
New Construction false
Schools
Middle Schools Indian Springs Middle School
High Schools Columbia City High School
School District Whitley County Con Schools
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