Shopping Center Investment Package

10330 Leo Rd, Fort Wayne, Indiana 46825

  • Property Subtypes Free-Standing Building
  • Gross Building Area 98,105 SF
  • Building Status Existing
  • Sale Price $6,000,000.00 Total
  • Property Use Type Net Leased (NNN)
  • Class of Space N/A
  • Total Land Size 8.98 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 9/9/2020
  • Status active

Overview / Comments

LEO CROSSING PROPERTY SUMMARY • 93% occupied center located on the north side of Ft. Wayne, IN, one mile east of Parkview Regional Medical Center and I-69 Interchange at Dupont Road. • Center is located on the SEC of Dupont and Tonkel Rds. offering tremendous visibility and access from all directions. • North Ft. Wayne is experiencing significant housing and commercial development due to the growing campus of Parkview Health. New retail developments are filling in most available remaining land along Dupont Rd. pushing rents into the mid $20/sf range. • Leo Crossing is the low cost retail center in the area and provides a great opportunity for investors to increase rents over time. • Over $500,000 has been spent updating the center over the last 2 years. • A very small portion of the center is on a ground lease. 10330-10380 Leo Rd, Fort Wayne, IN 46825 NORTH ANTHONY SHOPPING CENTER PROPERTY SUMMARY • North Anthony Shopping Center is a neighborhood center located just south of the Purdue University Fort Wayne and Ivy Tech campuses and is surrounded by dense neighborhoods just north of Downtown Fort Wayne • Excellent opportunity for an investor to take advantage of incredible upside potential. • Three curb cuts along North Anthony Boulevard provide unimpeded access and visibility is exceptional. • Concordia High School and Holy Cross elementary and middle schools surround the center along with boutique retail and trendy eateries and coffee houses. • Planned retail development to the southwest of the center will bring additional traffic.

Additional Details

  • Tax ID/APN 02-08-30-351-001.000-072, 02-08-30-351-001.000-072, 02-08-04-201-001.000-063, 02-03-31-354-001.000-042, 02-03-31-354-002.000-042, 02-03-31-354-003.000-042
  • Property Visibility Excellent

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