Two-Tenant NNN Outparcel Retail
For Sale
Contact for pricing
4541 Illinois Rd, Fort Wayne, IN 46804
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 Market88
Property Features for 4541 Illinois Rd
General Information
Standard status
Active
Size
8,100 SF
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$273,900
Building Details
Year Built
2001
Year Renovated
2025
Units
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Damien Yoder · License #IN RB14050667
(317) 218-5314
Source:
Crexi
Added: Jun 10
Changed: Aug 24
Last Checked: Sep 2 at 3:47AM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Well-served
Demand for This Use
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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Similar Off Market Nearby
- Apple Glen Crossing — 1302-1770 Apple Glen Blvd, Fort Wayne, IN 46804
- Jefferson Pointe Shopping Center — 4130 W Jefferson Blvd, Fort Wayne, IN 46804
- Painted Tree Boutiques - Fort Wayne — 4020 W Jefferson Blvd, Fort Wayne, IN 46804
- Strip Mall — 5215-5129, Illinois Rd, Fort Wayne, IN 46804, United States
- Shops Of Illinois Road — 5215-5219, 5215 Illinois Rd, Fort Wayne, IN 46804
Frequently Asked Questions
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
