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Carmike Cinema

3930 East DuPont Road
Fort WayneIN  46825


Price: $14,608,941
CAP Rate: 8.50%
Building Size: 101,597 SF
Approx Lot Size: 1.00 Acre(s)
Year Built: 2005
Net Lease
Investment:
Yes
Existing Debt: No
Property On Ground Lease: No
1031 Exchanges Acceptable: Yes

Property Features
  • Lease Ty0pe: Net, Net, Net Lease. No Landlord responsibilities.
  • Lease Term: Twenty (20) years
  • Lease Commencement: November, 1998
  • Lease Renewal Options: Two (2) Five (5) year options
For more information contact:
Keith Sturm
(612) 332-6600 
Upland Real Estate Group, Inc.

Property Description

This site is located just east of DuPont Hospital. Retailers in the immediate area include: Bob Evans, Culver's, Burger King, Citco, Roly Poly and Americ Inn.

Fort Wayne is a city in northeastern Indiana, USA and the county seat of Allen County. Fort Wayne is Indiana's second largest city after Indianapolis. As of September 30, 2007, the city had an estimated population of 252,000, making it the 70th largest city in the U.S. In 2005, the combined population of the Fort Wayne Metropolitan Statistical Area was 565,606. Historically, Fort Wayne has been a strategic transportation and communications hub for the region, as well as long being an incubator for many corporations and businesses while still playing a vital role in the nation's agricultural sector. Fort Wayne is the home of Indiana University-Purdue University Fort Wayne (IPFW), with an enrollment of 11,943 is the 5th-largest public university campus in Indiana. The city also holds the main campus of the Northeast Region of Ivy Tech Community College, the second-largest public community college campus in the state. Indiana University (IU) maintains the third public higher educational facility in the city with the Fort Wayne Center for Medical Education, a branch of the IU School of Medicine. In 2007, Forbes magazine ranked the Fort Wayne metropolitan area 94th on its list of "Best Places For Business And Careers".

Fort Wayne—Allen County is strategically situated along Interstate 69, which runs north from Indianapolis, connecting Fort Wayne's manufacturing sectors with the Great Lakes region. I-469 encircles Fort Wayne, serving as a bypass around the city, as well as connecting to US 30, 33, 27, and 24 in Allen County. Interstate 80-90 is located 45 miles north of Fort Wayne via Interstate 69. These connections allow for easy access to many prime markets including: Chicago, Toledo, Cleveland, Pittsburgh, Philadelphia and New York.


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