5321 Coldwater RdFort Wayne, IN 46825

Property Details for 5321 Coldwater Rd

Property size (Sq ft)

55,017 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Coldwater Crossing I, a 55,017-square-foot shopping center in Fort Wayne, Indiana, presents a compelling investment opportunity. This stabilized retail property boasts 100% occupancy with a strong tenant lineup including Dollar General, Once Upon a Child, Falling Prices, and Cato. The property features five units across a single story and benefits from a prominent location adjacent to I-69 Highway Exit, ensuring high visibility and accessibility. Recent facade improvements (2019-2020) enhance the property's curb appeal. The center enjoys a strategic position, shadow-anchored by a Walmart Supercenter, Hobby Lobby, and Regal Cinemas, driving significant traffic. NNN leases minimize landlord responsibilities, and the minimal near-term lease rollover provides stability. The property's asking price is $6,350,000, representing a compelling $115.42 per square foot and an 8.53% capitalization rate with a Net Operating Income (NOI) of $541,428. The easy ingress/egress at a signalized intersection and infill location further contribute to its desirability. This well-positioned, high-performing shopping center offers a rare opportunity to acquire a prized asset priced below replacement cost in a thriving retail corridor. The property is located at 5321 Coldwater Rd, Fort Wayne, IN 46825, within Allen County.

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.1284

Longitude

-85.1406

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