5826-5992 West Jefferson Boulevard, Fort Wayne, IN 46804-6803 For Sale

Irreplaceable Location

• Northwest corner of Jefferson Boulevard (26,526 VPD) and Covington Road (11,699 VPD) in the heart of Fort Wayne’s best retail and residential neighborhoods.
• One mile southeast of a full interchange with Interstate 69 and Illinois Road

Dynamic Tenant Mix

• Complementary mix of national and regional service, food, and specialty tenants
• 57% of the GLA, have a tenure of over 10 years

Strong Retail Trade Area

• The Jefferson Boulevard regional trade area is anchored by Jefferson Pointe, located one mile northeast of Time Corners. The open-air regional lifestyle center is anchored by Von Maur, Marshalls, Burlington, Sierra, Michaels, Old Navy, Trader Joes, and an 18-screen AMC Theatre.
• The trade area is home to many big-box retailers including Walmart, Dick’s Sporting Goods, Kohl’s, Best Buy, Target, Lowe’s, Meijer, Menards, The Fresh Market, Ashley, Ulta, and PetSmart, amongst others.

Healthy Secondary Market

• As the economic anchor of Northeast Indiana, the Fort Wayne metro area is home to nearly 463,000 people and continues to expand rapidly.
• Fort Wayne ranks 7th in the U.S. for lowest cost of living and 6th among the best cities to buy a home in 2025, according to Niche.
• Time Corners is strategically located within one of the wealthiest zip codes in Indiana.

Value-Add Proposition

• Investors can add nearly $240,000 of gross income by leasing the remaining 13,105 square feet of small shop space.

Recent Leasing Velocity

• The center has experienced significant leasing velocity in recent years. 68% of GLA has signed new leases, renewed, or expanded since 2022.

Exceptional Demographic Profile

• 115,775 residents enjoying an average household income of $87,597 within a five-mile radius
• Daytime population sees a 20% increase as a result of the nearby strong office density.
• Population within a one-mile radius of the center is expected to increase by 11.1% over the next five years, driven by major housing projects in the immediate surrounding area.

Below Replacement Cost Opportunity

• Rare opportunity to acquire the improvements at a low-cost basis