Property summary
This exceptional retail property, situated in the thriving Cross Creek Commons, presents a compelling investment opportunity. The single-story, 18,440 square foot building boasts nine suites, with 3,360 square feet currently available for lease. Built in 2003, this Class B center is strategically located on Washington Center Road, just 0.1 miles north of the high-traffic Lima Road/I-69 interchange (Exit 111), experiencing 15,000 vehicles per day. The property features ample parking with 143 spaces and benefits from prominent pylon and building signage opportunities, particularly for end-cap suites. The 1.73-acre lot is zoned Sc/Shopping Center, providing flexibility for various retail uses. The property is locally owned and professionally managed, offering a stable and well-maintained environment. Currently, lease rates are $15.00 per square foot per year, NNN. This multi-tenant strip center offers a blend of established businesses and available space, making it an ideal investment for both seasoned and emerging investors seeking a high-visibility location with strong traffic counts. The Allen County location and convenient access to major roadways ensure consistent customer flow and high potential for return on investment. The property's address is further identified by APN 02-07-22-201-002.000-073 and is conveniently located near St. Rd. 3/Lima Rd.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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