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411 State Road 930 W, New Haven, IN

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411 State Road 930 W

New Haven, IN 46774-2151 - New Haven Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:1,225 SF Land Area:.62 AC (26,998 SF)
For Sale Price:$1,357,000 Price/SF:$1,107.76
Cap Rate:5.25 %
Parking:Free Surface spaces are available; Free Covered spaces
Features:Pylon Sign, Drive Thru

Sale Notes:
Sale Price: $1,357,000

The subject property is located within a dense retail corridor along State Road 930 West (18,440 AADT) right along the edge of the Fort Wayne city limits. State Road 930 is a major arterial which connects the city of New Haven to downtown Fort Wayne, and is considered the prominent corridor for retail within the city due to its ease of accessibility. The property is adjacent to Lincoln Plaza, a 103,938 square foot neighborhood shopping center anchored by a 44,000 square foot Kroger. The center features tenants such as Rent-A-Center, GNC, Springleaf Financial Services, and the Bureau of Motor Vehicles License Branch. Just north of Lincoln Plaza is Meadowbrook Shopping Center which is occupied by Big Lots!, O' Reilly Auto Parts, and Family Dollar. Other notable retailers in the immediate area include Walgreens, CVS Pharmacy, Chase Bank, PNC Bank, AutoZone, McDonald' s, Burger King and many others. Convenient access to Interstate 469 (28,500 AADT), a major north-south thoroughfare, is approximately two miles east of the property.

Located on the banks of the Maumee River, New Haven is a city found in Allen County. As of 2013, the city has a population of 15,474. New Haven is situated adjacent to the city of Fort Wayne, which is the second largest city in Indiana with a population of over 250,000.
The economy of New Haven largely revolves around agriculture due to the abundance of fertile soil in the region. A number of businesses, especially agricultural related, are headquartered in New Haven, such as Do it Best hardware stores; Central States Grain, a large soybean and grain processer; and O' Neal Steel, the nation' s sixth largest steel center. Other major employers in the city include Norfolk Southern, East Allen County Schools, and BFGoodrich.

As of 2013, Allen County has a population of 363,014, making it the third-most populous county in Indiana. Allen County is included in the Fort Wayne Metropolitan Statistical Area, as well as the Fort Wayne-Huntington-Auburn Combined Statistical Area.

*This property is listed in conjunction with Indiana-licensed real estate broker Coldwell Banker Roth Wehrly Grabe

Newmark Cornish & Carey - Maffia Team
Putnam Daily
(415) 445-5107

Mike Maffia
(415) 445-5144

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