2400-2498 Getz Rd
Fort Wayne, IN 46804
Canopy Corners · Retail Property For Sale

Canopy Corners is comprised of 38,700 square feet and sits parallel to Getz Road in the affluent Southwest retail corridor in Fort Wayne, connecting Illinois Rd (SR-14) and W. Jefferson Blvd, where the traffic count boasts over 20,000 cars per day. Just North of the property, a new apartment complex is currently being constructed. Built in 1990, Canopy Corners sits on a large 3.357 acre parcel and is currently 85% occupied with Ten tenants, of which Nine hold Triple-Net leases. Catalyst Fitness and the Artisan Academy Beauty School anchor the center and both have recently signed new 10 Year leases. The Hair Dept. Salon extensively renovated and expanded its space before signing a new 15 Year lease before two, five year options showing commitment to the location. All State Insurance recently moved in and signed a 4 Year lease, while Heights Finance and Ranger Supply just extended for 3 Years. A.J.’s has been a favorite local bar and grill in this location since 2005, and the owners signed a new 5 year lease in April of 2017. There is a lower level to the shopping center, where Classical Touch has occupied its space since 1993 and signed a new 5 year lease. The average rent per square foot totals $8.83 which is below market for this sought-after affluent sector of Fort Wayne, the second largest city in Indiana. Canopy Corners is strategically located in the affluent Southwest retail corridor of Fort Wayne, adjacent to Covington Plaza, a 182,866 square foot center with The Fresh Market, Office Depot, Planet Fitness and multiple local boutique retailers. Additional nearby retailers include Ashley Home Furniture, Stein Mart, O’Reilly, Meijer, Culver’s, Five Guys, and a new Tim Horton’s. Canopy Corners is less than one mile from Jefferson Point Mall, as well as Walmart, Target, AMC Cinema, Von Maur, Dick’s Sporting Goods, PetSmart. Please See Aerial. Four of the tenants have recently completed extensive improvements and the leases have staggered expiration dates, offering an investor a strong stabilized income stream in the fastest growing retail sector of Fort Wayne.