5430 - 5462 Coldwater Rd Fort Wayne, IN 46825
Four-tenant NNN retail center anchored by a liquor store, positioned on a high-volume, signalized corridor.
- Added:
- Jun 12, 2026
- Days on Market:
- 31
- Last Refresh:
- Jun 20 at 3:09 am
Property Features for 5430 - 5462 Coldwater Rd
General Information
- Standard status
- Active
- Size
- 19,245 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing office Marcus & Millichap - Indianapolis
Listing date Jun 12, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The property sits on Coldwater Road, one of Fort Wayne’s primary retail corridors with reported 36,212 VPD. It is located at a signalized intersection near major retail demand drivers, including Glenbrook Square Mall (reported 3.8 million visitors per year). The remarks also cite nearby anchors and adjacent retail activity that supports consumer traffic.
For tenants and operators seeking a stable, income-oriented retail platform, this center’s NNN structure, long-tenured anchor relationship, and fully leased lineup provide an immediately operational setup. The listing also highlights practical site access with excellent ingress/egress to Coldwater Road, positioning the property for straightforward customer arrival and circulation.
Key Highlights
- 100% occupied four‑tenant NNN retail center built in 1980
- Anchored by Big Red Liquors, with Cap N' Cork operations acquired in 2021; Cap N' Cork has been an original tenant since 1980
- 36,212 VPD along Coldwater Road; located at a signalized intersection about one mile from I‑69 (75,298 VPD)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $288.7k | $15.00 |
| − Vacancy | −$24.5k | −$1.28 |
| EGI | $264.1k | $13.73 |
| − OpEx | −$79.2k | −$4.12 |
| NOI | $184.9k | $9.61 |
