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Shopping Strip

Coldwater Plaza

5430 Coldwater Rd, Fort Wayne, IN 46825

Listing Price: $2,678,911

Cap Rate
8.07%
Gross SF
19,245
Rentable SF
19,245
Price/Gross SF
$139.20
Lot Size
1.33 acres
Year Built
1980

Investment Overview

100 Percent Occupied Four-Tenant Center Located on Coldwater Road, One of Fort Wayne’s Primary Retail Corridors with 36,212 Vehicles per Day | All Triple-Net 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 Triple-Net Average Rent of $11.58 per Square Foot

Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30 Percent 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 Percent Rental Increase | Indy Smoketime Operates Over 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

Investment Highlights

  • 100 Percent Occupied Four-Tenant Center Located on Coldwater Road, One of Fort Wayne's Primary Retail Corridors with 36,212 Vehicles per Day| All Triple-Net Leases
  • One Mile from I-69 with 75,298 | Located at a Signalized Intersection | Property Offers Below Market Triple-Net Average Rent of $11.58 per Square Foot
  • Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30 Percent of Super-Regional Malls in the Nation, #1 in Indiana and #1 in 50 Miles per Placer.ai

Exclusively Listed By

Shopping Strip

Coldwater Plaza

Listing Price: $2,678,911

Cap Rate
8.07%
Gross SF
19,245
Rentable SF
19,245
Price/Gross SF
$139.20
Lot Size
1.33 acres
Year Built
1980

Investment Highlights

  • 100 Percent Occupied Four-Tenant Center Located on Coldwater Road, One of Fort Wayne's Primary Retail Corridors with 36,212 Vehicles per Day| All Triple-Net Leases
  • One Mile from I-69 with 75,298 | Located at a Signalized Intersection | Property Offers Below Market Triple-Net Average Rent of $11.58 per Square Foot
  • Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30 Percent of Super-Regional Malls in the Nation, #1 in Indiana and #1 in 50 Miles per Placer.ai

Investment Overview

100 Percent Occupied Four-Tenant Center Located on Coldwater Road, One of Fort Wayne’s Primary Retail Corridors with 36,212 Vehicles per Day | All Triple-Net 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 Triple-Net Average Rent of $11.58 per Square Foot Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30 Percent 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 Percent Rental Increase | Indy Smoketime Operates Over 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

Exclusively Listed By

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