Skip to main content

Shopping Neighborhood

Dupont Village

515 E Dupont Rd, Fort Wayne, IN 46825

Listing Price: $4,627,500

Cap Rate
7.86%
Gross SF
37,950
Rentable SF
37,950
Price/Gross SF
$121.94
Lot Size
4.09 acres
Year Built
1997

Investment Overview

Marcus & Millichap is proud to present Dupont Village, a 37,950 square foot neighborhood shopping center that isa shadow to Kroger Grocery.? This center has been 100% occupied since it was built to suit for Do it Best Hardware & Rental in 1997 and holds very landlord friendly NNN Leases.? The average tenancy is 24 Years of the three tenants.? Dupont Village is 50% Occupied by Do it Best Hardware & Rental (now Nation's Best) with close to 9 Years Remaining with 6.5% Rental Increases Every 5 Years.? This Do it Best Location was Acquired by Nation's Best, a Fast Growing Home Improvement Store Holding Company, in November of 2020.? Nation’s Best Holdings Has 13 Companies With 27 Locations Across 8 States with 675 Associates | Including Do it Best, Crafty Beaver, Ron’s Lumber, Do it Center, HIPP, Gilmer Lumber Co.?, Lambert Lumber and More Hallmark (45 Unit Franchisee) has Occupied this Suite Since 1997 and Goodwill Industries has Occupied this Suite Since 2003 and Expanded by 1,650 Square Feet in 2015.? Dupont Village offers Excellent Frontage and Access to the Intersection of Dupont and Coldwater with 36,887 Cars per Day.? In 2019 Fort Wayne Invested $12.1 Million to Widen W Dupont Road to 4 Lanes Due to the Increased Traffic.? It benefits from the Large Pylon Signage and location just 1.5 Miles from I-69 with 56,158 Cars per Day.? Dupont Village is located 1.5 Miles From Parkview Hospital, the Third Largest Employer of Fort Wayne which in 2020 Parkview Invested $98M to Expand by 168,000 Square Feet (a 6 Story Expansion).? Dupont Village Benefits from the Foot Traffic from the Dense Retail Corridor and Affluent, Fast Growing Market with a Strong Daytime Population of 110,990 People and 102,016 Residents within 5 Miles.? Average Household Income Exceeds $111000 within 1 Mile and $91,000 Within 3 Miles.?

Investment Highlights

  • ?100% Occupied Kroger Shadow Neighborhood Center | Three Tenant Center Built-to-Suit for Do it Best Hardware & Rental in 1997 | Average Tenancy is 24 Years
  • ?50% Occupied by Do it Best Hardware & Rental with ~9 Years Remaining with 6.5% Rental Increases Every 5 Years
  • ?Excellent Frontage and Access to the Intersection of Dupont and Coldwater with 36,887 Cars per Day | In 2019 Fort Wayne Invested $12.1M to Widen W Dupont Road to 4 Lanes Due to Increased Traffic
  • Hallmark (45 Unit Franchisee) has Occupied this Suite Since 1997 | Goodwill Industries has Occupied this Suite Since 2003 and Expanded by 1,650 Square Feet in 2015

Exclusively Listed By

Financing By

Shopping Neighborhood

Dupont Village

Listing Price: $4,627,500

Cap Rate
7.86%
Gross SF
37,950
Rentable SF
37,950
Price/Gross SF
$121.94
Lot Size
4.09 acres
Year Built
1997

Investment Highlights

  • ?100% Occupied Kroger Shadow Neighborhood Center | Three Tenant Center Built-to-Suit for Do it Best Hardware & Rental in 1997 | Average Tenancy is 24 Years
  • ?50% Occupied by Do it Best Hardware & Rental with ~9 Years Remaining with 6.5% Rental Increases Every 5 Years
  • ?Excellent Frontage and Access to the Intersection of Dupont and Coldwater with 36,887 Cars per Day | In 2019 Fort Wayne Invested $12.1M to Widen W Dupont Road to 4 Lanes Due to Increased Traffic
  • Hallmark (45 Unit Franchisee) has Occupied this Suite Since 1997 | Goodwill Industries has Occupied this Suite Since 2003 and Expanded by 1,650 Square Feet in 2015

Investment Overview

Marcus & Millichap is proud to present Dupont Village, a 37,950 square foot neighborhood shopping center that isa shadow to Kroger Grocery.? This center has been 100% occupied since it was built to suit for Do it Best Hardware & Rental in 1997 and holds very landlord friendly NNN Leases.? The average tenancy is 24 Years of the three tenants.? Dupont Village is 50% Occupied by Do it Best Hardware & Rental (now Nation's Best) with close to 9 Years Remaining with 6.5% Rental Increases Every 5 Years.? This Do it Best Location was Acquired by Nation's Best, a Fast Growing Home Improvement Store Holding Company, in November of 2020.? Nation’s Best Holdings Has 13 Companies With 27 Locations Across 8 States with 675 Associates | Including Do it Best, Crafty Beaver, Ron’s Lumber, Do it Center, HIPP, Gilmer Lumber Co.?, Lambert Lumber and More Hallmark (45 Unit Franchisee) has Occupied this Suite Since 1997 and Goodwill Industries has Occupied this Suite Since 2003 and Expanded by 1,650 Square Feet in 2015.? Dupont Village offers Excellent Frontage and Access to the Intersection of Dupont and Coldwater with 36,887 Cars per Day.? In 2019 Fort Wayne Invested $12.1 Million to Widen W Dupont Road to 4 Lanes Due to the Increased Traffic.? It benefits from the Large Pylon Signage and location just 1.5 Miles from I-69 with 56,158 Cars per Day.? Dupont Village is located 1.5 Miles From Parkview Hospital, the Third Largest Employer of Fort Wayne which in 2020 Parkview Invested $98M to Expand by 168,000 Square Feet (a 6 Story Expansion).? Dupont Village Benefits from the Foot Traffic from the Dense Retail Corridor and Affluent, Fast Growing Market with a Strong Daytime Population of 110,990 People and 102,016 Residents within 5 Miles.? Average Household Income Exceeds $111000 within 1 Mile and $91,000 Within 3 Miles.?

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower