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.