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Shopping Strip

Xfinity & First Watch Two-Tenant Center

4145-4545 Illinois Rd, Fort Wayne, IN 46804

Listing Price: $4,300,000

Cap Rate
6.37%
Gross SF
8,100
Rentable SF
8,100
Price/Gross SF
$530.86
Lot Size
1.36 acres
Year Built
2001

Investment Overview

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 Percent Community Shopping Centers in the US (Placer.ai) 
 
National Credit Tenants with Corporate Guarantees - First Watch (FWRG) Operates over 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 Vehicles per Day | Less than One Mile from I-69 with 72,905 Vehicles per Day
 
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 | Approximately Nine 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 Percent Occupied Center with Corporately Guaranteed Leases | Triple Net 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 265,000 Residents In The City And 454,000 In The Metro Area, With Steady Population Growth

Investment Highlights

  • Two-Tenant Center-Outparcel to Jefferson Pointe with 6.1 Million Visits Annually, the #1 Regional Mall in Indiana & Apple Glen Crossing, that Ranks in the Top 11% Community Shopping Centers in the US
  • 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 Percent Occupied Center with Corporately Guaranteed Leases | Triple Net Leases Each with Two, Five Year Options with Management Fees

Exclusively Listed By

Shopping Strip

Xfinity & First Watch Two-Tenant Center

Listing Price: $4,300,000

Cap Rate
6.37%
Gross SF
8,100
Rentable SF
8,100
Price/Gross SF
$530.86
Lot Size
1.36 acres
Year Built
2001

Investment Highlights

  • Two-Tenant Center-Outparcel to Jefferson Pointe with 6.1 Million Visits Annually, the #1 Regional Mall in Indiana & Apple Glen Crossing, that Ranks in the Top 11% Community Shopping Centers in the US
  • 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 Percent Occupied Center with Corporately Guaranteed Leases | Triple Net Leases Each with Two, Five Year Options with Management Fees

Investment Overview

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 Percent Community Shopping Centers in the US (Placer.ai)    National Credit Tenants with Corporate Guarantees - First Watch (FWRG) Operates over 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 Vehicles per Day | Less than One Mile from I-69 with 72,905 Vehicles per Day   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 | Approximately Nine 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 Percent Occupied Center with Corporately Guaranteed Leases | Triple Net 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 265,000 Residents In The City And 454,000 In The Metro Area, With Steady Population Growth

Exclusively Listed By

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