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5511 Coventry Ln
Fort Wayne, IN 46804
Retail Property For Sale
Investment Highlights
- 10-Year NNN Lease – Passive income secured through October 2035.
- Strong Healthcare Tenant – Hopebridge operates 113 locations in 10 states.
- Fort Wayne Location – Growing regional healthcare and economic hub.
- 2% Annual Rent Increases – Built-in NOI growth and inflation hedge.
- 2025 Renovation – Modernized facility with limited near-term capex.
Executive Summary
Colliers is pleased to offer the opportunity to acquire a newly renovated, single-tenant net lease healthcare asset located at 5511 Coventry Lane in Fort Wayne, Indiana, occupied by Hopebridge, LLC, a leading provider of autism therapy services. The property is secured by a 10-year NNN lease with 2.0% annual rent escalations, delivering stable, growing income with minimal landlord responsibility. The lease runs through October 31, 2035 and features annual rent of $210,300, reimbursed on a triple-net basis. Offered at a 7.00% cap rate, this investment provides durable cash flow backed by an established, expanding healthcare operator. Strategically positioned within Fort Wayne—a growing regional healthcare hub and one of the most affordable cities in the U.S.—the asset offers investors long-term income security, inflation protection, and exposure to the resilient outpatient behavioral healthcare sector.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,028 SF
Building Class
B
Year Built/Renovated
2005/2025
Price
$4,084,621 CAD
Price Per SF
$271.80 CAD
Cap Rate
7.25%
NOI
$296,135 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.17 AC
Zoning
C2 - Commercial
Parking
56 Spaces (7 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 02-11-23-328-001.004-075 | Improvements Assessment | $746,359 CAD |
| Land Assessment | $322,967 CAD | Total Assessment | $1,069,326 CAD |
Property Taxes
Parcel Number
02-11-23-328-001.004-075
Land Assessment
$322,967 CAD
Improvements Assessment
$746,359 CAD
Total Assessment
$1,069,326 CAD
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