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5430-5462 Coldwater Rd
Fort Wayne, IN 46825
Coldwater Plaza · Retail Property For Sale
Investment Highlights
- 100% Occupied Four-Tenant Center Located on Coldwater Road, One of Fort Wayne’s Primary Retail Corridors with 36,212 VPD | All NNN Leases
- Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30% of Super-Regional Malls in the Nation, #1 in Indiana and #1 in 50 Miles
- One Mile from I-69 with 75,298 | Located at a Signalized Intersection | Property Offers Below Market NNN Average Rent of $11.58 per Square Foot
Executive Summary
100% Occupied Four-Tenant Center Located on Coldwater Road, One of Fort Wayne’s Primary Retail Corridors with 36,212 VPD | All NNN Leases
Big Red Liquors Guarantees the Liquor Store Lease and Acquired the Cap N' Cork Operations in 2021 | Cap N' Cork Has Been an Original Tenant at Coldwater Plaza Since 1980. Big Red Liquors is the Largest Liquor Chain in the Midwest with 108 Locations
One Mile from I-69 with 75,298 | Located at a Signalized Intersection | Property Offers Below Market NNN Average Rent of $11.58 per Square Foot
Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30% of Super-Regional Malls in the Nation, #1 in Indiana and #1 in 50 Miles per Placer.ai
Boudoir Noir Has Been a Tenant Since 2011 and Just Signed a New Five- Year Lease Extension with a 15% Rental Increase | Indy Smoketime Operates 13+ Units Across Indiana
Across from Walmart and Hobby Lobby Center and Adjacent to Jimmy John’s, Subway, Papa John’s, GetGo, Cato, Marathon, O’Reilly, Dollar Tree and More, Driving Consistent Consumer Traffic and Strong Tenant Exposure
Site Offers a Large Pylon Sign, a Metal Standing Seam Roof, and Excellent Ingress/Egress to Coldwater Road
Located Within a Well-Established and Growing Trade Area with Solid Population Density | Five-Mile Daytime Population is 214,545
Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure
Big Red Liquors Guarantees the Liquor Store Lease and Acquired the Cap N' Cork Operations in 2021 | Cap N' Cork Has Been an Original Tenant at Coldwater Plaza Since 1980. Big Red Liquors is the Largest Liquor Chain in the Midwest with 108 Locations
One Mile from I-69 with 75,298 | Located at a Signalized Intersection | Property Offers Below Market NNN Average Rent of $11.58 per Square Foot
Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30% of Super-Regional Malls in the Nation, #1 in Indiana and #1 in 50 Miles per Placer.ai
Boudoir Noir Has Been a Tenant Since 2011 and Just Signed a New Five- Year Lease Extension with a 15% Rental Increase | Indy Smoketime Operates 13+ Units Across Indiana
Across from Walmart and Hobby Lobby Center and Adjacent to Jimmy John’s, Subway, Papa John’s, GetGo, Cato, Marathon, O’Reilly, Dollar Tree and More, Driving Consistent Consumer Traffic and Strong Tenant Exposure
Site Offers a Large Pylon Sign, a Metal Standing Seam Roof, and Excellent Ingress/Egress to Coldwater Road
Located Within a Well-Established and Growing Trade Area with Solid Population Density | Five-Mile Daytime Population is 214,545
Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
19,245 SF
Building Class
C
Year Built
1980
Price
$2,678,911
Price Per SF
$139.20
Cap Rate
8.07%
NOI
$216,188
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
1.33 AC
Zoning
CM4
Parking
25 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
210’ on Coldwater Rd
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 02-07-24-102-015.000-073 | Improvements Assessment | $380,400 |
| Land Assessment | $519,700 | Total Assessment | $900,100 |
Property Taxes
Parcel Number
02-07-24-102-015.000-073
Land Assessment
$519,700
Improvements Assessment
$380,400
Total Assessment
$900,100
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