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Shopping Neighborhood

Georgetown North Shopping Center

2808 Maplecrest Rd, Fort Wayne, IN 46815

Listing Price: $1,950,000

Cap Rate
8.47%
Gross SF
23,482
Rentable SF
23,482
Price/Gross SF
$83.04
Lot Size
2.92 acres
Year Built
1974

Investment Overview

Marcus & Millichap is proud to present Georgetown North Shopping Center, a 23,482 Square Foot Center that has been 43% Anchored by Do it Best Hardware & Rental since 1976.? It is 100% Occupied with E-Commerce Resistant Tenants with Triple Net Leases.? Four Tenant Center Strategically Located near Maplecrest Rd & E State Blvd Intersection with 34,677 Cars per Day Adjacent to New Construction Hardee’s and Georgetown Square (Kroger) Shopping Mall with 1.95 Million Visitors per Year per Placer.?ai.? Nation’s Best Lease Offers 9 Years Remaining with 6.5% Rent Increases Every 5 Years| House of Neco Salon Just Renewed for 3 Years and Top’s Tavern Renewed for 4 Years without options.? This Do it Best Location Was Acquired by Nation's Best, a 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 & More Offered Below Replacement Cost at $83.04 per Square Foot | New Roof Installed in 2015.? Do it Best is Positioned Near Multiple Foot Traffic Generators: Parkview Hospital Randallia, Snider High School, Blackhawk Schools, Haley Elementary and is 3 Miles from Purdue University Fort Wayne (15,000 Students) & Glenbrook Square Mall Nearby Retailers Include Kroger, Anytime Fitness, CVS, Wendy’s, Fifth Third Bank, Subway, Georgetown Library, Georgetown Entertainment & Dollar General Positioned at the Hard Corner of Maplecrest Road and N Georgetown Blvd – High Traffic Location and Site Offers Large Pylon Sign | Multiple Points of Access Excellent Visibility to Maplecrest Road with 16,742 Cars Per Day | Ideal Demographics of $76,454 Average Income in 1 Mile and 158,599 Daytime Population in 5 Miles

Investment Highlights

  • ?23,482 Square Foot Neighborhood Center 43% Anchored by Do it Best Hardware & Rental | 100% Occupied with E-Commerce Resistant Tenants (Hardware, Grocery, Salon, and Restaurant) With Triple Net Leases
  • Four Tenant Center Strategically Located near Maplecrest & E State Blvd Intersection with 34,677 Cars per Day
  • ?Nation's Best Lease Offers 9 Years Remaining with 6.5% Rent Increases Every 5 Years| House of Neco Salon Just Renewed for 3 Years and Top's Tavern Renewed for 4 Years
  • ?Adjacent to New Construction Hardee's and Georgetown Square (Kroger) Shopping Mall with 1.95 Million Visitors per Year – Placer.ai
  • New Roof Installed in 2015 | Ideal Demographics of $76,454 Average Income in 1 Mile and 158,599 Daytime Population in 5 Miles
  • ?This Do it Best Location Was Acquired by Nation's Best, a 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 & More

Exclusively Listed By

Financing By

Shopping Neighborhood

Georgetown North Shopping Center

Listing Price: $1,950,000

Cap Rate
8.47%
Gross SF
23,482
Rentable SF
23,482
Price/Gross SF
$83.04
Lot Size
2.92 acres
Year Built
1974

Investment Highlights

  • ?23,482 Square Foot Neighborhood Center 43% Anchored by Do it Best Hardware & Rental | 100% Occupied with E-Commerce Resistant Tenants (Hardware, Grocery, Salon, and Restaurant) With Triple Net Leases
  • Four Tenant Center Strategically Located near Maplecrest & E State Blvd Intersection with 34,677 Cars per Day
  • ?Nation's Best Lease Offers 9 Years Remaining with 6.5% Rent Increases Every 5 Years| House of Neco Salon Just Renewed for 3 Years and Top's Tavern Renewed for 4 Years
  • ?Adjacent to New Construction Hardee's and Georgetown Square (Kroger) Shopping Mall with 1.95 Million Visitors per Year – Placer.ai
  • New Roof Installed in 2015 | Ideal Demographics of $76,454 Average Income in 1 Mile and 158,599 Daytime Population in 5 Miles
  • ?This Do it Best Location Was Acquired by Nation's Best, a 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 & More

Investment Overview

Marcus & Millichap is proud to present Georgetown North Shopping Center, a 23,482 Square Foot Center that has been 43% Anchored by Do it Best Hardware & Rental since 1976.? It is 100% Occupied with E-Commerce Resistant Tenants with Triple Net Leases.? Four Tenant Center Strategically Located near Maplecrest Rd & E State Blvd Intersection with 34,677 Cars per Day Adjacent to New Construction Hardee’s and Georgetown Square (Kroger) Shopping Mall with 1.95 Million Visitors per Year per Placer.?ai.? Nation’s Best Lease Offers 9 Years Remaining with 6.5% Rent Increases Every 5 Years| House of Neco Salon Just Renewed for 3 Years and Top’s Tavern Renewed for 4 Years without options.? This Do it Best Location Was Acquired by Nation's Best, a 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 & More Offered Below Replacement Cost at $83.04 per Square Foot | New Roof Installed in 2015.? Do it Best is Positioned Near Multiple Foot Traffic Generators: Parkview Hospital Randallia, Snider High School, Blackhawk Schools, Haley Elementary and is 3 Miles from Purdue University Fort Wayne (15,000 Students) & Glenbrook Square Mall Nearby Retailers Include Kroger, Anytime Fitness, CVS, Wendy’s, Fifth Third Bank, Subway, Georgetown Library, Georgetown Entertainment & Dollar General Positioned at the Hard Corner of Maplecrest Road and N Georgetown Blvd – High Traffic Location and Site Offers Large Pylon Sign | Multiple Points of Access Excellent Visibility to Maplecrest Road with 16,742 Cars Per Day | Ideal Demographics of $76,454 Average Income in 1 Mile and 158,599 Daytime Population in 5 Miles

Exclusively Listed By

Financing By

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