4224 Coldwater Road
Fort Wayne, IN 46825 ·
10,132 SF · Retail For Sale
Pier 1 Imports
|Building Size||10,132 SF||Occupancy||100%|
|Property Sub-type||Free Standing Bldg||Year Built||1990|
|Property Use Type||Net Lease Investment with 4 years left on lease||Lot Size||0.87 AC|
|Listing ID: 17636051||Date Created: 04/27/2012||Last Updated: 08/16/2012|
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.
- 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
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