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Time Corners 2 Retail Properties Offered at $13,008,532 CAD in Fort Wayne, IN
Investment Highlights
- Highly visible corner location with signalized access along Jefferson Boulevard and Covington Road with combined traffic counts exceeding 38,000 VPD.
- Leased to a diverse mix of national and regional operators, including Dollar Tree, Anytime Fitness, O’Reilly Auto Parts, and Five Guys.
- Strong regional demographics with an average household income of $87,597 within a 5-mile radius and 115,775 residents.
- Positioned less than one mile from Interstate 69, providing regional connectivity and strong trade area draw.
- Recent leasing momentum with long-term renewals and expansions by key tenants.
- Value-add potential through lease-up of remaining vacancies totaling 12,565 square feet.
Executive Summary
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.
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.
Property Facts
| Price | $13,008,532 CAD | Number of Properties | 2 |
| Price / SF | $161.89 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 80,353 SF |
| Sale Type | Investment | Total Land Area | 16.47 AC |
| Status | Active |
| Price | $13,008,532 CAD |
| Price / SF | $161.89 CAD / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 80,353 SF |
| Total Land Area | 16.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5800-6022 W Jefferson Blvd, Fort Wayne, IN 46804 | Retail | 43,043 SF | 1960 | - |
|
Time Corners
5946-5992 W Jefferson Blvd, Fort Wayne, IN 46804 |
Retail | 37,310 SF | 1960 | - |
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