496 W Plaza Dr, Columbia City, IN 46725
Town & Country Plaza consists of a 48,655 square foot shopping center and a 9,500 square foot freestanding Dollar Tree built in 2015, both adjacent to Walmart SuperCenter in Columbia City, IN. The community center is located at a signalized intersection with a large highway pylon sign, with excellent frontage to US 30 with 28,860 cars per day. Columbia City is directly in between Fort Wayne, IN (the 2nd largest City in Indiana) and Warsaw, IN (the orthopedic capital of the world) and has experienced a 21% population growth within the 15 mile trade area since 2000. there are 89,000 residents with a $97,102 average household income in this trade area. The offering is 96% occupied and anchored by Dunham's Sports which is reporting a record-breaking year in unit level store sales this year, and is corporately guaranteed with 230 locations in 22 States (NYSE:RPAI). Label Shopper is corporately guaranteed, leased to April 2029, and offers a 15% administrative fee. Wing's ETC is reporting a 3.5% rent to sales ratio at this location and benefits from the outdoor patio seating and successful take out service. Journey 333 is a growing fitness franchisee with 7 locations, based out of New York. Dollar Tree was built to suit for the tenant in 2015, is a Fortune 500 company with 15,288 stores and has reported a same store sale increase of 15.5% from 2019 to 2020. Town & Country Plaza is located in the dominant retail corridor for the trade area adjacent to Walmart, Anytime Fitness, Tractor Supply, CVS, ALDI Grocery, Dunkin' Donuts, Walgreens, Kroger, AutoZone, Ace Hardware, Arby's, Verizon, Bob Evan's - Please see aerial. The property is 48% occupied by NNN leases and offers a low rent per square foot of $6.61 on average. It is priced well below replacement cost at $58 per square foot and offers an above-market return day one of ownership of 18.84%.
Town & Country Plaza consists of a 48,655 square foot shopping center and a 9,500 square foot freestanding Dollar Tree built in 2015, both adjacent to Walmart SuperCenter in Columbia City, IN. The community center is located at a signalized intersection with a large highway pylon sign, with excellent frontage to US 30 with 28,860 cars per day. Columbia City is directly in between Fort Wayne, IN (the 2nd largest City in Indiana) and Warsaw, IN (the orthopedic capital of the world) and has experienced a 21% population growth within the 15 mile trade area since 2000. there are 89,000 residents with a $97,102 average household income in this trade area. The offering is 96% occupied and anchored by Dunham's Sports which is reporting a record-breaking year in unit level store sales this year, and is corporately guaranteed with 230 locations in 22 States (NYSE:RPAI). Label Shopper is corporately guaranteed, leased to April 2029, and offers a 15% administrative fee. Wing's ETC is reporting a 3.5% rent to sales ratio at this location and benefits from the outdoor patio seating and successful take out service. Journey 333 is a growing fitness franchisee with 7 locations, based out of New York. Dollar Tree was built to suit for the tenant in 2015, is a Fortune 500 company with 15,288 stores and has reported a same store sale increase of 15.5% from 2019 to 2020. Town & Country Plaza is located in the dominant retail corridor for the trade area adjacent to Walmart, Anytime Fitness, Tractor Supply, CVS, ALDI Grocery, Dunkin' Donuts, Walgreens, Kroger, AutoZone, Ace Hardware, Arby's, Verizon, Bob Evan's - Please see aerial. The property is 48% occupied by NNN leases and offers a low rent per square foot of $6.61 on average. It is priced well below replacement cost at $58 per square foot and offers an above-market return day one of ownership of 18.84%.
