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5802 S Anthony Boulevard - CVS, Fort Wayne, IN

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5802 S Anthony Boulevard - CVS

Fort Wayne, IN 46816-3702 - South Fort Wayne Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1998
Building Size:8,899 SF Land Area:1.56 AC (67,954 SF)
For Sale Price:$2,900,000 Price/SF:$325.88
Cap Rate:8.25 %

Sale Notes:
Stan Johnson Company is pleased to offer the opportunity to purchase a 100% fee simple interest in a freestanding CVS Pharmacy located in Fort Wayne, Indiana. The property offers a value add opportunity with a shorter lease term, high yield, and market rents (under market for drugstores). The building consists of 10,125 square feet plus a drive-thru window on a large 1.55-acre lot with plenty of parking on a premier signalized corner. Other retailers sharing the intersection include Walgreens, O' Reilly Auto Parts, and the Anthony Medical Center. Renewal probability is high as this is THE premier corner for the area with high barriers to entry.

Fort Wayne is the 2nd largest city in Indiana and the county seat of Allen County. The city is located in northeast Indiana, 18 miles west of the Ohio border and 50 miles south of Michigan. According to recent estimates, the city' s population is 260,326, making it the 77th largest city in the United States. The entire MSA boasts a population of 419,453.

Fort Wayne serves as headquarters for many national companies such as Steel Dynamics (Fortune 500), Do It Best, Franklin Electric, Frontier Communications Central Region, Genteq, Indiana Michigan Power, K&K Insurance, Medical Protective, North American Van Lines, Rea Magnet Wire, Sweetwater Sound, and Vera Bradley. The area is very stable with projected growth.

Stan Johnson Company
Tom Fritz
(312) 240-0127

Matt Spangenberg
(312) 240-0127

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