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Goodyear Auto Service NN

4106 Coldwater Rd · Fort Wayne, IN 46805 · Auto Parts / Service

Asking price
$1,190,000
Cap rate
6.05%
NOI
$72,000

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Lease

Lease typeNN
Term remaining9.4 yrs
Expiration11/2035
Rent bumpsIncreases Every 5 Years
OptionsTwo (2), Five (5) Year
Ground lease
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF9,624
Price / SF$124
Year built1960
Lot size0.22 ac
TypeAuto Shop, Storefront
Days on market327

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • Double Net (NN) Lease: Landlord is responsible only for roof and structure

  • Freestanding Building: 9,624 SF situated on a 0.75-acre parcel

  • Long-Term Tenant Commitment: Goodyear has operated at this location since 1969, demonstrating over 55 years of continuous occupancy

  • Recent Lease Extension: Tenant recently extended the lease for an additional 10 years

  • Strong Placer AI Data: This location ranks in the 100th percentile in the state

  • Corporate Guarantee: Lease is backed by The Goodyear Tire & Rubber Company (NASDAQ: GT), providing added security for investors

  • Strong Store Sales: Tenant reports healthy sales performance at this location

  • Average household income within a 1-mile radius exceeds $63,000 and Population of over 170,000 residents within a 5-mile radius

  • Strong Traffic Counts: Located on N Clinton Street with traffic counts exceeding 29,500 vehicles per day. Subject site near Coliseum Boulevard, which sees over 48,600 vehicles per day

  • Neighboring tenants include Dick’s Sporting Goods, McDonald’s, CVS, Target, Chipotle, Panera, JCPenney, Five Below, HomeGoods, Ross, Petco, Starbucks, Dollar Tree, Dairy Queen, and more

  • Directly across from Glenbrook Square Mall, a 1.2 million SF regional shopping center anchored by numerous national brands

Property overview

Discover a lucrative investment opportunity at GOODYEAR AUTO SERVICE 4106 Coldwater Rd, Fort Wayne, IN 46825.​ This prime property boasts a 5.75% CAP rate with a $72,000 NOI from a longstanding tenant commitment lasting over 55 years.​ The tenant, Goodyear, has renewed its lease for an additional decade, backed by The Goodyear Tire & Rubber Company, providing investor security.​ With a freestanding building spanning 9,624 SF on a 0.75-acre parcel, this double-net lease offers low landlord responsibilities.​ Strategically located near Glenbrook Square Mall and major retail outlets, this property benefits from traffic counts exceeding 29,500 vehicles daily.​ Strong demographics include an Average Household Income of $63,276 within a 1-mile radius and a robust population of over 170,000 residents within a 5-mile radius.​ View this turnkey investment offering stable returns and potential for long-term growth at GOODYEAR AUTO SERVICE 4106 Coldwater Rd, Fort Wayne, IN 46825.​

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.