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4210 Crescent Ave Retail Portfolio 2 Retail Properties Offered at $1,826,651 CAD in Fort Wayne, IN
Investment Highlights
- Located adjacent to Purdue University Fort Wayne, providing strong and consistent traffic.
- Net lease structures with tenants responsible for most property expenses.
- Situated in a growing trade area with proximity to retail corridors and Glenbrook Square Mall.
- Fully leased portfolio with long-term agreements including CVS on absolute NNN terms.
- Diverse tenant mix including national and regional operators ensures reliable income.
- Easy access to key thoroughfares and Indiana 930, enhancing visibility and connectivity.
Executive Summary
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%.
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%.
Property Facts
| Price | $1,826,651 CAD | Number of Properties | 2 |
| Price / SF | $87.78 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.75% | Total Building Size | 20,810 SF |
| Sale Type | Investment | Total Land Area | 3.13 AC |
| Status | Active |
| Price | $1,826,651 CAD |
| Price / SF | $87.78 CAD / SF |
| Cap Rate | 8.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,810 SF |
| Total Land Area | 3.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
CVS Pharmacy
4225 Hobson Rd, Fort Wayne, IN 46815 |
Retail | 13,165 SF | 2013 | - |
|
IPFW Retail Center
4210 Crescent Ave, Fort Wayne, IN 46815 |
Retail | 7,645 SF | 2014 | - |
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4210 Crescent Ave Retail Portfolio
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