4210 Crescent Ave Retail Portfolio Retail FOR SALE


Fort Wayne, IN - North Fort Wayne
$1,310,000 USD
260-705-7532
, Fort Wayne, IN for Sale
$1,310,000 USD
Retail - FOR SALE
1/4
null | 8.75% Cap Rate

4210 Crescent Ave Retail Portfolio
Fort Wayne, IN
North Fort Wayne


HIGHLIGHTS

  • Located adjacent to Purdue University Fort Wayne, providing strong and consistent traffic.
  • Fully leased portfolio with long-term agreements including CVS on absolute NNN terms.
  • Net lease structures with tenants responsible for most property expenses.
  • Diverse tenant mix including national and regional operators ensures reliable income.
  • Situated in a growing trade area with proximity to retail corridors and Glenbrook Square Mall.
  • Easy access to key thoroughfares and Indiana 930, enhancing visibility and connectivity.

OVERVIEW

This exceptional investment opportunity consists of two fully leased retail assets strategically located at the southwest corner of Crescent Avenue and Hobson Road in Fort Wayne, Indiana. The offering includes a 7,645 SF multi-tenant retail building with four established tenants and a separate CVS building totaling 13,165 SF. Both properties operate under long-term ground leases with Purdue Fort Wayne, ensuring stability and cost efficiency for ownership. Prominently positioned near Purdue University Fort Wayne, the property benefits from high student and faculty foot traffic and convenient access to major roadways, including Hobson Road and Indiana 930, which drive consistent consumer visits. Tenants such as CVS, Jimmy John’s, Hungry Howie’s, Sister Pho, and We Nails create a diverse and reliable income stream backed by national and regional brands. Net lease structures reduce landlord obligations, while rent escalations and renewal options offer strong upside potential. This investment delivers predictable cash flow with a cap rate of 8.75%.

ASK ABOUT THIS PROPERTY

Breck JohnsonBND Commercial Real EstateMore Info
260-705-7532

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Breck JohnsonBND Commercial Real EstateMore Info
260-705-7532

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.