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Time Corners 2 biens | Local commercial | À vendre | 8 393 495 € | Fort Wayne, IN
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Highly visible corner location with signalized access along Jefferson Boulevard and Covington Road with combined traffic counts exceeding 38,000 VPD.
- Leased to a diverse mix of national and regional operators, including Dollar Tree, Anytime Fitness, O’Reilly Auto Parts, and Five Guys.
- Strong regional demographics with an average household income of $87,597 within a 5-mile radius and 115,775 residents.
- Positioned less than one mile from Interstate 69, providing regional connectivity and strong trade area draw.
- Recent leasing momentum with long-term renewals and expansions by key tenants.
- Value-add potential through lease-up of remaining vacancies totaling 12,565 square feet.
Résumé analytique
Time Corners is an 80,353-square-foot unanchored neighborhood shopping center positioned at the northwest corner of Jefferson Boulevard and Covington Road in Fort Wayne, Indiana. The property sits within a high-traffic corridor (Jefferson Boulevard 26,526 VPD; Covington Road 11,699 VPD) and features a well-established tenant roster of national and regional operators, including Dollar Tree, Anytime Fitness, O’Reilly Auto Parts, Sola Salons, and Five Guys Burgers and Fries.
Constructed in 1960 and 1974, and comprehensively renovated in 2015, the center spans approximately 8.5 acres and delivers excellent visibility and direct access to major thoroughfares. Located less than one mile from Interstate 69, the asset benefits from both local and destination-driven customer traffic. Significant recent leasing activity underscores strong market performance, with notable expansions and long-term commitments.
The offering provides investors a compelling value-add opportunity with 12,565 square feet of leasable vacancy remaining, permitting upside potential through lease-up at competitive rates. The property is strategically located in Fort Wayne’s robust retail trade area, proximate to major shopping destinations such as Jefferson Pointe and key residential communities. With occupancy of 84.4%, a stabilized NOI projection of over $932,000, and an asking price of $9,550,000 at a 7.5% cap rate, Time Corners offers a rare chance to acquire a well-performing neighborhood retail asset positioned for future growth.
Constructed in 1960 and 1974, and comprehensively renovated in 2015, the center spans approximately 8.5 acres and delivers excellent visibility and direct access to major thoroughfares. Located less than one mile from Interstate 69, the asset benefits from both local and destination-driven customer traffic. Significant recent leasing activity underscores strong market performance, with notable expansions and long-term commitments.
The offering provides investors a compelling value-add opportunity with 12,565 square feet of leasable vacancy remaining, permitting upside potential through lease-up at competitive rates. The property is strategically located in Fort Wayne’s robust retail trade area, proximate to major shopping destinations such as Jefferson Pointe and key residential communities. With occupancy of 84.4%, a stabilized NOI projection of over $932,000, and an asking price of $9,550,000 at a 7.5% cap rate, Time Corners offers a rare chance to acquire a well-performing neighborhood retail asset positioned for future growth.
Informations sur l’immeuble
| Prix | 8 393 495 € | Nb de biens | 2 |
| Prix/m² | 982,93 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 7,50 % | Surface totale de l’immeuble | 8 539 m² |
| Type de vente | Investissement | Surface totale du terrain | 3,66 ha |
| Statut | Actif |
| Prix | 8 393 495 € |
| Prix/m² | 982,93 € / m² |
| Taux de capitalisation | 7,50 % |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 8 539 m² |
| Surface totale du terrain | 3,66 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Time Corners
5946-5992 W Jefferson Blvd, Fort Wayne, IN 46804 |
Local commercial | 4 540 m² | 1960 | - |
| 6022 W Jefferson Blvd, Fort Wayne, IN 46804 | Local commercial | 3 999 m² | 1960 | - |
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Time Corners
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