Two-Tenant NNN Retail
For Sale
$4,300,000
4145-4545 Illinois Rd, Fort Wayne, IN 46804
Two-tenant, 100% occupied NNN center with corporate guarantees and exposure to a signalized intersection.
Property Size8,100 SF
Price / SF$530.86
Days on Market57
Property Features for 4145-4545 Illinois Rd
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Shopping Strip
Occupancy
100%
Site & Location
Traffic Count
43,690 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
6.37%
Amenities
Two-Tenant Center-Outparcel to Jefferson Pointe with 6.1 Million Visits Annually, the #1 Regional Mall in Indiana & Apple Glen Crossing, that Ranks in the Top 11% Community Shopping Centers in the US
Located in Dense Retail Corridor - Near Target, Von Maur, Trader Joe's Grocery, Walmart, Marshall's, Lowe's, Kohl's, Best Buy, Aldi, Hobby Lobby, Menards, Sierra, Meijer & Others
100 Percent Occupied Center with Corporately Guaranteed Leases | Triple Net Leases Each with Two, Five Year Options with Management Fees
Building Details
Building Size
8,100 SF
Year Built
2001
Tenancy
Multi
Listing Agency:
(317) 218-5325
Listed By:
Madison Harman · License #License(s): IN: RB14052326
(317) 218-5325
Source:
Marcusmillichap
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 10 at 2:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Madison Harman
Investment Insights
Based on property information with market context.
The property is a two-tenant retail center configured as an outparcel to both Jefferson Pointe and Apple Glen Crossing. It is 100% occupied with corporately guaranteed leases structured as triple net arrangements. Each lease includes two, five-year options with management fees. The center’s tenant lineup includes First Watch (FWRG), which opened for business in 2025, and Xfinity, a Comcast subsidiary. The offering is presented as NNN, with the leases supported by corporate guarantees.
The center benefits from prominent exposure along a high-traffic corridor with excellent visibility from a signalized intersection of Illinois Road and Apple Glen Blvd. The remarks cite 43,690 vehicles per day at the intersection and note the site is less than one mile from I-69, with 72,905 vehicles per day. The property is located in a dense retail corridor near multiple major retailers and shopping destinations listed in the remarks.
This format can fit buyers seeking a stabilized, single-center asset with two tenants and long-term lease continuations via the included five-year options. For operators and tenants evaluating a presence in a heavily retail-oriented area, the center offers direct access to one of Fort Wayne’s main commercial corridors, backed by established national brands with the corporate guarantee support described in the offering materials.
The center benefits from prominent exposure along a high-traffic corridor with excellent visibility from a signalized intersection of Illinois Road and Apple Glen Blvd. The remarks cite 43,690 vehicles per day at the intersection and note the site is less than one mile from I-69, with 72,905 vehicles per day. The property is located in a dense retail corridor near multiple major retailers and shopping destinations listed in the remarks.
This format can fit buyers seeking a stabilized, single-center asset with two tenants and long-term lease continuations via the included five-year options. For operators and tenants evaluating a presence in a heavily retail-oriented area, the center offers direct access to one of Fort Wayne’s main commercial corridors, backed by established national brands with the corporate guarantee support described in the offering materials.
Key Highlights
- Two‑tenant retail center built in 2001 with 100% occupancy
- NNN leases with corporate guarantees and three separate 2 five‑year options (management fees apply)
- High‑traffic exposure at the signalized intersection of Illinois Rd & Apple Glen Blvd with 43,690 vehicles per day
Property Analytics
Property Profile
Current Use
Lease Details
43,690 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 46804, IN
28,800
Population
12,959
Households
2.2
Avg Household Size
40
Median Age
44%
College-Educated
96%
High-School Grad
17.7 sq mi
ZIP Area
1,627
Density / Sq Mi
$84,778
Median Household Income
$49,050
Median Earnings
$1,134
Median Rent
$241,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - Two-tenant, 100% occupied NNN center with corporate guarantees and exposure to a signalized intersection.
Where is this strip mall located?
The property is located at 4145-4545 Illinois Rd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Two‑tenant retail center built in 2001 with 100% occupancy; NNN leases with corporate guarantees and three separate 2 five‑year options (management fees apply); High‑traffic exposure at the signalized intersection of Illinois Rd & Apple Glen Blvd with 43,690 vehicles per day
