Time Corners Retail FOR SALE


Fort Wayne, IN - Southwest Fort Wayne
$9,550,000 USD
630-261-6962
, Fort Wayne, IN for Sale
$9,550,000 USD
Retail - FOR SALE
1/8
null | 7.5% Cap Rate

Time Corners
Fort Wayne, IN
Southwest Fort Wayne


HIGHLIGHTS

  • Highly visible corner location with signalized access along Jefferson Boulevard and Covington Road with combined traffic counts exceeding 38,000 VPD.
  • Positioned less than one mile from Interstate 69, providing regional connectivity and strong trade area draw.
  • Leased to a diverse mix of national and regional operators, including Dollar Tree, Anytime Fitness, O’Reilly Auto Parts, and Five Guys.
  • Recent leasing momentum with long-term renewals and expansions by key tenants.
  • Strong regional demographics with an average household income of $87,597 within a 5-mile radius and 115,775 residents.
  • Value-add potential through lease-up of remaining vacancies totaling 12,565 square feet.

OVERVIEW

Time Corners is an 80,353-square-foot unanchored neighborhood shopping center positioned at the northwest corner of Jefferson Boulevard and Covington Road in Fort Wayne, Indiana. The property sits within a high-traffic corridor (Jefferson Boulevard 26,526 VPD; Covington Road 11,699 VPD) and features a well-established tenant roster of national and regional operators, including Dollar Tree, Anytime Fitness, O’Reilly Auto Parts, Sola Salons, and Five Guys Burgers and Fries. Constructed in 1960 and 1974, and comprehensively renovated in 2015, the center spans approximately 8.5 acres and delivers excellent visibility and direct access to major thoroughfares. Located less than one mile from Interstate 69, the asset benefits from both local and destination-driven customer traffic. Significant recent leasing activity underscores strong market performance, with notable expansions and long-term commitments. The offering provides investors a compelling value-add opportunity with 12,565 square feet of leasable vacancy remaining, permitting upside potential through lease-up at competitive rates. The property is strategically located in Fort Wayne’s robust retail trade area, proximate to major shopping destinations such as Jefferson Pointe and key residential communities. With occupancy of 84.4%, a stabilized NOI projection of over $932,000, and an asking price of $9,550,000 at a 7.5% cap rate, Time Corners offers a rare chance to acquire a well-performing neighborhood retail asset positioned for future growth.

ASK ABOUT THIS PROPERTY

Emily GadomskiMid-America Real Estate Corp.More Info
630-261-6962

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Emily GadomskiMid-America Real Estate Corp.More Info
630-261-6962

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