Historical Retail Sale Listing - Pier 1 Imports

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Pier 1 Imports

4224 Coldwater Road, Fort Wayne, IN 46825

N/A

10,132 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
10,132 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
4 years left on lease
Cap Rate:
8%
Occupancy:
100%
Tenancy:
Single
Year Built:
1990
Lot Size:
0.87 AC
Listing ID
17636051
Last Updated
over 1 year ago

Highlights

  • NN Leased Pier 1 Imports (NYSE:PIR) for 20+ years
  • Increasing corporate profit and same store sales
  • High traffic location across from Glenbrook Mall
  • Priced at 8% cap rate

Description

Freestanding building built for Pier 1 in 1990. The subject continues to be net leased to Pier 1. The landlord
responsibilies are only roof(metal) and structure.

The subject is located on Coldwater Rd just south of Coliseum Blvd, in the primary retail area in Fort Wayne. Glenbrook Mall, the second largest mall in Indiana, is directly across from the subject property. Many big box retailers, including Target, Old Navy, Kohls, Best Buy, Dick's Sporng Goods, are in the immediate area.

Map of 4224 Coldwater Road, Fort Wayne, IN 46825 (Allen County)

Research for 4224 Coldwater Road, Fort Wayne, IN 46825 (Allen County)

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