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33544502
33544501

5430 - 5462 Coldwater Rd, Fort Wayne, IN 46825

MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
DY
IN RB14050667
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$2,678,911
2 days on market
Updated 2 days ago

Coldwater Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 19,245
Net Rentable (SqFt) 19,245
Cap Rate 8.06%
NOI $215,866
Occupancy 100%
Tenancy Multi
Brand/Tenant Big Red Liquors
Lease Type NNN
Price per SqFt $139
Class A
Year Built 1980
Buildings 1
Acreage 1.330
Zoning Commercial
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition N/A

Retail | 8.06% CAP | 19,245 SqFt

Marketing description

100% Occupied Four-Tenant Center Located on Coldwater Road, One of Fort Wayne’s Primary Retail Corridors with 36,212 VPD | All NNN Leases

Big Red Liquors Guarantees the Liquor Store Lease and Acquired the Cap N' Cork Operations in 2021 | Cap N' Cork Has Been an Original Tenant at Coldwater Plaza Since 1980. Big Red Liquors is the Largest Liquor Chain in the Midwest with 108 Locations

One Mile from I-69 with 75,298 | Located at a Signalized Intersection | Property Offers Below Market NNN Average Rent of $11.58 per Square Foot

Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30% of Super-Regional Malls in the Nation, #1 in Indiana and #1 in 50 Miles per Placer.ai

Boudoir Noir Has Been a Tenant Since 2011 and Just Signed a New Five- Year Lease Extension with a 15% Rental Increase | Indy Smoketime Operates 13+ Units Across Indiana

Across from Walmart and Hobby Lobby Center and Adjacent to Jimmy John’s, Subway, Papa John’s, GetGo, Cato, Marathon, O’Reilly, Dollar Tree and More, Driving Consistent Consumer Traffic and Strong Tenant Exposure

Site Offers a Large Pylon Sign, a Metal Standing Seam Roof, and Excellent Ingress/Egress to Coldwater Road

Located Within a Well-Established and Growing Trade Area with Solid Population Density | Five-Mile Daytime Population is 214,545

Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure

Investment highlights

100% Occupied Four-Tenant Center Located on Coldwater Road, One of Fort Wayne’s Primary Retail Corridors with 36,212 VPD | All NNN Leases

Big Red Liquors Guarantees the Liquor Store Lease and Acquired the Cap N' Cork Operations in 2021 | Cap N' Cork Has Been an Original Tenant at Coldwater Plaza Since 1980. Big Red Liquors is the Largest Liquor Chain in the Midwest with 108 Locations

One Mile from I-69 with 75,298 | Located at a Signalized Intersection | Property Offers Below Market NNN Average Rent of $11.58 per Square Foot

Near Glenbrook Square Mall with 3.8 Million Visitors per Year | In the Top 30% of Super-Regional Malls in the Nation, #1 in Indiana and #1 in 50 Miles per Placer.ai

Boudoir Noir Has Been a Tenant Since 2011 and Just Signed a New Five- Year Lease Extension with a 15% Rental Increase | Indy Smoketime Operates 13+ Units Across Indiana

Across from Walmart and Hobby Lobby Center and Adjacent to Jimmy John’s, Subway, Papa John’s, GetGo, Cato, Marathon, O’Reilly, Dollar Tree and More, Driving Consistent Consumer Traffic and Strong Tenant Exposure

Site Offers a Large Pylon Sign, a Metal Standing Seam Roof, and Excellent Ingress/Egress to Coldwater Road

Located Within a Well-Established and Growing Trade Area with Solid Population Density | Five-Mile Daytime Population is 214,545

Fort Wayne is Indiana’s Second-Largest City with a Metro Consisting of 454,000 Residents | Fort Wayne Continues to Experience Population Growth, Economic Expansion, and Investment in Retail and Infrastructure

Listing Contacts

MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
DY
IN RB14050667
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$215,866.00
$17,988.83/mo

Valuation Metrics

0
DSCR
8.06%
Cap Rate
8.06%
ROI

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Additional Information

Name
Madison Harman
License
IN RB14052326
Brokerage
Marcus & Millichap
Brokerage Phone
2604947213
Title
IN
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