Log In/Sign Up
Your email has been sent.
4541 Illinois Rd
Fort Wayne, IN 46804
Xfinity & First Watch | Jefferson Pointe Mall · Retail Property For Sale
Investment Highlights
- Two-tenant Center that is an Outparcel to Jefferson Pointe with 6.1 Million Visits Annually, the #1 Regional Mall in Indiana
- Excellent Demographics - Southwest Fort Wayne Ranks #5 of the Most Affluent Zip Codes in Indiana | Five-Mile Daytime Population Exceeds 179,000
- High Traffic Corridor - Excellent Visibility from Signalized Intersection of Illinois Road & Apple Glen Blvd with Combined 43,690 VPD
Executive Summary
Two-tenant Center that is an Outparcel to Both Jefferson Pointe with 6.1 Million Visits Annually, the #1 Regional Mall in Indiana and Apple Glen Crossing, that Ranks in the Top 11% Community Shopping Centers in the US (Placer.ai)
National Credit Tenants with Corporate Guarantees - First Watch (FWRG) Operates 648+ Locations Across 32 States | Xfinity (CMCSA) Subsidiary of Comcast with an S&P Rating of A- Operates 695 Locations Across 41 States
High Traffic Corridor - Excellent Visibility from Signalized Intersection of Illinois Road & Apple Glen Blvd with 43,690 VPD| Less than 1 Mile from I-69 with 72,905 VPD
First Watch is the Fastest-Growing Full-Service Restaurant Brand in the US, Opening 64 New Locations in 2025 | First Watch Opened for Business In 2025 | ~9 Years Remaining on the Only First Watch Location in the Fort Wayne Market
Located in Dense Retail Corridor - Near Target, Von Maur, Trader Joe's Grocery, Walmart, Marshall's, Lowe's, Kohl's, Best Buy, Aldi, Hobby Lobby, Menards, Sierra, Meijer & Others
100% Occupied Center with Corporately Guaranteed Leases | NNN Leases Each with Two, Five Year Options with Management Fees
Excellent Demographics - Southwest Fort Wayne Ranks #5 of the Most Affluent Zip Codes in Indiana | Five-Mile Daytime Population Exceeds 179,000
Fort Wayne Is Indiana’s Second-largest City With 265k Residents In The City And 454k In The Metro Area, With Steady Population Growth
National Credit Tenants with Corporate Guarantees - First Watch (FWRG) Operates 648+ Locations Across 32 States | Xfinity (CMCSA) Subsidiary of Comcast with an S&P Rating of A- Operates 695 Locations Across 41 States
High Traffic Corridor - Excellent Visibility from Signalized Intersection of Illinois Road & Apple Glen Blvd with 43,690 VPD| Less than 1 Mile from I-69 with 72,905 VPD
First Watch is the Fastest-Growing Full-Service Restaurant Brand in the US, Opening 64 New Locations in 2025 | First Watch Opened for Business In 2025 | ~9 Years Remaining on the Only First Watch Location in the Fort Wayne Market
Located in Dense Retail Corridor - Near Target, Von Maur, Trader Joe's Grocery, Walmart, Marshall's, Lowe's, Kohl's, Best Buy, Aldi, Hobby Lobby, Menards, Sierra, Meijer & Others
100% Occupied Center with Corporately Guaranteed Leases | NNN Leases Each with Two, Five Year Options with Management Fees
Excellent Demographics - Southwest Fort Wayne Ranks #5 of the Most Affluent Zip Codes in Indiana | Five-Mile Daytime Population Exceeds 179,000
Fort Wayne Is Indiana’s Second-largest City With 265k Residents In The City And 454k In The Metro Area, With Steady Population Growth
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,100 SF
Building Class
B
Year Built/Renovated
2001/2025
Price
$4,300,000
Price Per SF
$530.86
Cap Rate
6.37%
NOI
$273,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.36 AC
Zoning
SC
Parking
62 Spaces (7.65 Spaces per 1,000 SF Leased)
Frontage
400’ on Illinois Road
Property Taxes
| Parcel Number | 02-12-08-201-001.002-074 | Improvements Assessment | $627,500 |
| Land Assessment | $912,300 | Total Assessment | $1,539,800 |
Property Taxes
Parcel Number
02-12-08-201-001.002-074
Land Assessment
$912,300
Improvements Assessment
$627,500
Total Assessment
$1,539,800
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
