This Retail Property is Off-Market.

4224 Coldwater Road
Fort Wayne, IN 46825 ·

10,132 SF · Retail For Sale

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Pier 1 Imports

Price N/A Cap Rate 8%
Building Size 10,132 SF Occupancy 100%
Property Type Retail Tenancy Single
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

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.

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

Research

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

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