Two-Tenant NNN Outparcel Retail
4541 Illinois Rd Fort Wayne, IN 46804
4541 Illinois Rd, Fort Wayne, IN, 46804
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For Sale
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Two-tenant retail center with corporately guaranteed NNN leases, positioned on a high-traffic corridor intersection.
Property Size8,100 SF
Price / SF$530.86
Days on Market42
Property Features for 4541 Illinois Rd
General Information
- Standard status
- Active
- Size
- 8,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing agency
Marcus & Millichap - Indianapolis
Listed by
Madison Harman · License #IN RB14052326
Source
Crexi
Added: Jun 10 Updated: Jul 20 at 10:48PM Checked: Jul 20 at 10:48PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
4541 Illinois Rd, Fort Wayne, IN 46804: a two-tenant NNN retail outparcel centered on corporately guaranteed lease structures. The center is described as 100% occupied and totals 8,100 square feet. First Watch (FWRG) operates with a stated ~9 years remaining on its only Fort Wayne location in the market, and the second tenant is Xfinity (a Comcast subsidiary).
The property is positioned along a high-traffic corridor with visibility from a signalized intersection of Illinois Road and Apple Glen Blvd, stated at 43,690 VPD, and is described as less than 1 mile from I-69 with 72,905 VPD. The outparcel is listed as serving both Jefferson Pointe and Apple Glen Crossing, described as the #1 regional mall in Indiana and a community shopping center ranking in the top 11% nationally. NNN leases are described as including two, five-year options with management fees.
The property is positioned along a high-traffic corridor with visibility from a signalized intersection of Illinois Road and Apple Glen Blvd, stated at 43,690 VPD, and is described as less than 1 mile from I-69 with 72,905 VPD. The outparcel is listed as serving both Jefferson Pointe and Apple Glen Crossing, described as the #1 regional mall in Indiana and a community shopping center ranking in the top 11% nationally. NNN leases are described as including two, five-year options with management fees.
Key Highlights
- Two‑tenant retail center built in 2001 with 100% occupancy and corporately guaranteed NNN leases
- First Watch location opened for business in 2025; ~9 years remaining on the only First Watch in the Fort Wayne market
- High‑traffic visibility from a signalized intersection of Illinois Road & Apple Glen Blvd with 43,690 VPD
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Jefferson Pointe Shopping Center — 4130 W Jefferson Blvd, Fort Wayne, IN 46804
- Apple Glen Crossing — 1302-1770 Apple Glen Blvd, Fort Wayne, IN 46804
- Shops Of Illinois Road — 5215-5219, 5215 Illinois Rd, Fort Wayne, IN 46804
- Strip Mall — 5215-5129, Illinois Rd, Fort Wayne, IN 46804, United States
- Painted Tree Boutiques - Fort Wayne — 4020 W Jefferson Blvd, Fort Wayne, IN 46804
FAQs
What type of property is this?
Shopping center - Two-tenant retail center with corporately guaranteed NNN leases, positioned on a high-traffic corridor intersection.
Where is this shopping center located?
The property is located at 4541 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 and corporately guaranteed NNN leases; First Watch location opened for business in 2025; ~9 years remaining on the only First Watch in the Fort Wayne market; High‑traffic visibility from a signalized intersection of Illinois Road & Apple Glen Blvd with 43,690 VPD
