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Shopping Neighborhood

Maplewood Plaza

6128 Stellhorn Rd, Fort Wayne, IN 46815

Listing Price: $4,250,000

Cap Rate
6.63%
Gross SF
115,776
Rentable SF
115,776
Price/Gross SF
$36.71
Lot Size
8.86 acres
Year Built
1967

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a well-located neighborhood shopping center anchored by Big Lots, in the second largest city in the state of Indiana. Located in the iconic city of Fort Wayne, the subject property also known as Maplewood Plaza, presents investors with national tenant’s anchored stability, coupled with upside potential through leasing the existing vacancy. Located across Target at the signalized intersection of Stellhorn Road and Maplecrest Road, which attracts a combined 45,517 vehicles per day. Additionally, the property is positioned five miles from Interestate-469 where the traffic counts are more than 27,000 vehicles per day. Purdue University and Ivy Tech Community College are less than two miles west of the subject property, which provide combined count of over 15,000 college students. The property is also located along a strong retail corridor with numerous national and regional tenants. National retail tenants in the area comprises of: Target, Dollar Tree, Planet Fitness, Walgreens, Advanced Auto Parts, Chase Bank, Verizon, McDonald’s, Arby’s, KFC, Taco Bell, Burger King, Pizza Hut, Rally’s, and Culver’s to name a few. Furthermore, there are over 70,000 people within a three-mile radius with average income household income of $70,941.

Investment Highlights

  • Huge Upside Potential Value-Add Neighborhood Center Anchored by National, "Essential" and Publicly Traded Tenant Big Lots (Nyse: Big)
  • 100 Percent Collection from Existing Tenants
  • Attractive Financing Available, Providing Double Digit Return by 2023 or Sooner
  • Located in High Traffic Dense Retail Corridor with Major Retailers Such as Target, Big Lots, Dollar Tree, Planet Fitness, Walgreens, Advanced Auto Parts, Chase Bank, Verizon, Mcdonald's, Arby's, Kfc, Taco Bell, Burger King, Pizza Hut, Rally's
  • Located in Second Largest City in the State of Indiana
  • Purdue University and Ivy Tech Community College Less than Two Miles Away – Combined 15,000 + College Students

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Shopping Neighborhood

Maplewood Plaza

Listing Price: $4,250,000

Cap Rate
6.63%
Gross SF
115,776
Rentable SF
115,776
Price/Gross SF
$36.71
Lot Size
8.86 acres
Year Built
1967

Investment Highlights

  • Huge Upside Potential Value-Add Neighborhood Center Anchored by National, "Essential" and Publicly Traded Tenant Big Lots (Nyse: Big)
  • 100 Percent Collection from Existing Tenants
  • Attractive Financing Available, Providing Double Digit Return by 2023 or Sooner
  • Located in High Traffic Dense Retail Corridor with Major Retailers Such as Target, Big Lots, Dollar Tree, Planet Fitness, Walgreens, Advanced Auto Parts, Chase Bank, Verizon, Mcdonald's, Arby's, Kfc, Taco Bell, Burger King, Pizza Hut, Rally's
  • Located in Second Largest City in the State of Indiana
  • Purdue University and Ivy Tech Community College Less than Two Miles Away – Combined 15,000 + College Students

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a well-located neighborhood shopping center anchored by Big Lots, in the second largest city in the state of Indiana. Located in the iconic city of Fort Wayne, the subject property also known as Maplewood Plaza, presents investors with national tenant’s anchored stability, coupled with upside potential through leasing the existing vacancy. Located across Target at the signalized intersection of Stellhorn Road and Maplecrest Road, which attracts a combined 45,517 vehicles per day. Additionally, the property is positioned five miles from Interestate-469 where the traffic counts are more than 27,000 vehicles per day. Purdue University and Ivy Tech Community College are less than two miles west of the subject property, which provide combined count of over 15,000 college students. The property is also located along a strong retail corridor with numerous national and regional tenants. National retail tenants in the area comprises of: Target, Dollar Tree, Planet Fitness, Walgreens, Advanced Auto Parts, Chase Bank, Verizon, McDonald’s, Arby’s, KFC, Taco Bell, Burger King, Pizza Hut, Rally’s, and Culver’s to name a few. Furthermore, there are over 70,000 people within a three-mile radius with average income household income of $70,941.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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