1427 Coliseum BlvdFort Wayne, IN 46805

For Sale
$399,000

Thriving Pizzeria, Established Business

Overview

Added:
Dec 11, 2024
Days on market:
90
Own a piece of Fort Wayne history with Oley's Pizza Shoppe, a well-established pizzeria operating for over 40 years at 1427 N Coliseum Blvd, Fort Wayne, Indiana, 46805. This profitable business is offered for sale at $399,000, boasting a substantial net operating income (NOI) of $100,000 and a remarkable 25.06% cap rate. The 6,500 square foot building, constructed in 1981 and situated in a high-traffic area (over 40,000 vehicles daily), features 2,328 square feet of net rentable space. The current lease, a triple net (NNN) agreement, runs until April 30, 2026, with a five-year renewal option. The business operates under a C-4 zoning permit and enjoys 100% occupancy. All equipment, furnishings, and inventory are included in the sale price. The seller will provide support and training during the transition. This is a turnkey opportunity to acquire a profitable, established business with a loyal customer base in a prime Fort Wayne location. Financial details are available upon execution of a confidentiality agreement. The sale does not include the real estate.

Property Details for 1427 Coliseum Blvd

Property type
Investment properties, Other commercial real estate
Square Feet
6,500 SF
Class
B
Year Built
1981
Buildings
1
Stories
1
Units
1

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.0900746
Longitude
-85.0886569
1427 Coliseum Blvd, Fort Wayne, Indiana

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1427 Coliseum Blvd
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