Time Corners | Western Building | Robust MSA 5946-5992 W Jefferson Blvd 3 444 m² 86 % Loué Local commercial Vente aux enchères en ligne Fort Wayne, IN 46804

Colliers is pleased to present for sale the 100 percent fee simple interest in Time Corners (the “Property” or the “Asset”) located at 5946-5992 West Jefferson Blvd, Fort Wayne, IN, 48375.
The 37,076 SF retail center is 86% occupied, allowing for upside potential thought additional lease-up. The center has been performing well with over half of the in-place tenancy renewing or signing new leases since 2022. Additionally, 30% of the center and tenants have been at the Property since 2008 and 35% of the occupied space has been leased by the same tenants for 17+ years, demonstrating a strong commitment to the location.
The Asset features an excellent location with Pylon signage along West Jefferson Blvd. Additionally, the Property is located one mile southeast of the I-69 and Illinois Rd interchange, which provides for larger local and regional customer base.
The center features a diverse tenant mix to attract and serve the surrounding neighborhood including Anytime Fitness, Belmont Beverage, Joseph’s A&B Natural Foods, and more.
The larger retail development that Time Corners is positioned in features an O’Reilly Auto Parts, Dollar Tree, Sola Salons, Five Guys, Chase Bank, KFC, PNC, Rally;’s, and Valvoline. These retailers help to draw additional traffic to the center as a whole.
Furthermore, Time Corners is located in a core retail market with 933 retail properties totaling 10.4M square feet within a 5-mile radius. The immediate surrounding retail market is performing very well with a vacancy rate of 4.0%, a market cap rate of 8.4%, and a market sales price/SF of $127. Other notable nearby retail include The Fresh Market, Office Depot, Ashley, Cost Cutters, Walmart, Kohl’s, Best Buy, Dick’s Sporting Goods, Shoe Carnival, Target, Lowe’s, ALDI, Hobby Lobby, and a wide array of fast and fast-casual restaurant options. Additionally, the Asset is located is close proximity to the Jefferson Pointe Shopping Center, a 650K square foot, open-air lifestyle center in Fort Wayne, IN. The center opened in 2001 and now features 60+ stores and services.
Additionally, the Property features strong demographics. There are over 36,500 people with a median household income north of $75,300 within a 3-mile radius of the Asset. The population increases to nearly 117,000 people within a 5-mile radius. There are 5,195 businesses within a 5-mile radius of the Property employing nearly 91,800 people.
Time Corners is located within the South Fort Wayne Retail Submarket (the “Submarket”) home to 779 retail buildings totaling 7.5M square feet. The Submarket consists of 1.3M square feet of neighborhood center inventory, 470K square feet of power center space, 220K square feet of strip center inventory, 620K square feet of mall inventory, and 4.9M square feet of general retail.
The Submarket has been performing well. As of Q3 2025, the vacancy rate for the Submarket is only 3.3% with strip center and power centers having no vacancies and mall coming in at only 3.3%. There is 280K square feet of space listed as available for an availability rate of only 3.8%. There is currently no retail space under construction within the South Fort Wayne Retail Submarket.
Market rents have changed by 0.6% in South Fort Wayne compared to 0.4% across Fort Wayne as a whole.
Over the past years, the Submarket has remained active with 51 retail transactions accounting for 440K square feet of retail inventory trading hands. The sales volume totaling $25.6M placing it ahead of the average annual sales volume of $24.7M for the past 5 years and $23.1M for the past 10 years.
The market sales stats are also performing well with the market sales price coming in at $125/SF with a market cap rate of 8.5%.
Overall, Time Corners offers an investor an excellent opportunity to acquire a stabilized retail center in a core market with upside potential.
Rachel Patten License RB19000304