1701 E Paulding Rd
Fort Wayne, IN 46816
Walgreens (Low Price Point/Below Market Rent) · Retail Property For Sale

The Klink Group of Marcus & Millichap, as exclusive advisor, is pleased to present for sale Walgreens, a 12,800-square foot, corporate drug store located in Fort Wayne, Indiana. Built in 1992, Walgreens has demonstrated long-term commitment to this location with a 26+ year operating history and an early lease renewal. The property is situated in a dense infill location with a number of surrounding healthcare facilities , ensuring this property is well-positioned for the future. Additionally, recent capital expenditures and a new roof in 2016 with a transferrable 20-year roof warranty provides further passivity to an incoming investor. The site has excellent exposure on a hard corner signalized intersection of Paulding & Anthony streets. It also sits across the street from Anthony Medical Center which is affiliated with St. Joseph hospital, the dominant hospital system in the Fort Wayne area, providing immediate access to healthcare customers in this trade area. The main campus of Saint Joseph Hospital which is a few miles north of the subject property is a 191-bed facility known for its quality emergency and inpatient and outpatient care, surgical services, rehabilitation, and diagnostic imaging. It’s also one of the only burn unit hospitals in the entirety of Northeast Indiana. Immediately surrounded by residential communities, multifamily apartment complexes and schools that boast over 1,500 students in total this infill Walgreens location has a captive consumer base with a dense population within close proximity of the subject site providing strong intrinsic real estate value for the property for an incoming investor.