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%.