4541 Illinois Rd - Storefront FOR SALE


Fort Wayne, IN 46804- Westwood Fairway
$4,300,000 USD
812-320-8483
4541 Illinois Rd, Fort Wayne, IN for Sale
$4,300,000 USD
Storefront - FOR SALE
1/5
null | 6.37% Cap Rate

4541 Illinois Rd
Fort Wayne, IN 46804
Westwood Fairway


HIGHLIGHTS

  • Two-tenant Center that is an Outparcel to Jefferson Pointe with 6.1 Million Visits Annually, the #1 Regional Mall in Indiana
  • High Traffic Corridor - Excellent Visibility from Signalized Intersection of Illinois Road & Apple Glen Blvd with Combined 43,690 VPD
  • Excellent Demographics - Southwest Fort Wayne Ranks #5 of the Most Affluent Zip Codes in Indiana | Five-Mile Daytime Population Exceeds 179,000 

OVERVIEW

Two-tenant Center that is an Outparcel to Both Jefferson Pointe with 6.1 Million Visits Annually, the #1 Regional Mall in Indiana and Apple Glen Crossing, that Ranks in the Top 11% Community Shopping Centers in the US (Placer.ai)    National Credit Tenants with Corporate Guarantees - First Watch (FWRG) Operates 648+ Locations Across 32 States | Xfinity (CMCSA) Subsidiary of Comcast with an S&P Rating of A- Operates 695 Locations Across 41 States    High Traffic Corridor - Excellent Visibility from Signalized Intersection of Illinois Road & Apple Glen Blvd with 43,690 VPD| Less than 1 Mile from I-69 with 72,905 VPD   First Watch is the Fastest-Growing Full-Service Restaurant Brand in the US, Opening 64 New Locations in 2025 | First Watch Opened for Business In 2025 | ~9 Years Remaining on the Only First Watch Location in the Fort Wayne Market     Located in Dense Retail Corridor - Near Target, Von Maur, Trader Joe's Grocery, Walmart, Marshall's, Lowe's, Kohl's, Best Buy, Aldi, Hobby Lobby, Menards, Sierra, Meijer & Others   100% Occupied Center with Corporately Guaranteed Leases | NNN Leases Each with Two, Five Year Options with Management Fees    Excellent Demographics - Southwest Fort Wayne Ranks #5 of the Most Affluent Zip Codes in Indiana | Five-Mile Daytime Population Exceeds 179,000  Fort Wayne Is Indiana’s Second-largest City With 265k Residents In The City And 454k In The Metro Area, With Steady Population Growth

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$545 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Xfinity & First Watch | Jefferson Pointe Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

SC

APN/PARCEL ID

02-12-08-201-001.002-074

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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