PRIME RETAIL PROPERTY FOR SALE

Transcription

1 PRIME RETAIL PROPERTY FOR SALE 7000 Block Lima Road Fort Wayne, Indiana -Five Outlots Available -1.3 Acres to 9.1 Acres -High Traffic Counts: 39,000 + VPD -Nearby Retailers Include: Sam s Club, Lowe s, Meijer, Home Depot and Costco Presented By: O. Karl Behrens, CCIM, SIOR (260) karl@bndcommercial.com

2 PROPERTY INFORMATION

3 Property Highlights EXCEPTIONAL LOCATION AND VISIBILITY - The property offers significant frontage along Lima Road, the major retail corridor in northwest Fort Wayne, and is just north of Interstate 69. More than 37,900 cars per day pass the Property. ESTABLISHED RETAIL CORRIDOR - Retailers along the Lima Road corridor include Lowe s, The Home Depot, Costco, Meijer, Walgreens, CVS and Sam s Club. GROWING POPULATION BASE - The Property is located in one of the fastest growing areas of the Fort Wayne MSA. Projected growth over the next 5 years within a 5 mile radius of the Property exceeds both national and state averages. TAC

4 Cook Road Property Aerial Smith Field Airport EXIT 311 N

5 Vacant Land (Outlots) Available Tract # # Acres* Potential New Signal Light

6 Vacant Land (Outlots) Pricing Tract # # Acres* Price/Acre Price/SF Total Price $740,520 $17.00 $1,036, $740,520 $17.00 $1,036, $740,520 $17.00 $962, $653,400 $15.00 $849, $435,600 $10.00 $3,963, $185,130 $4.25 $370, $174,240 $4.00 $348, $163,350 $3.75 $245,025 *Lot sizes are flexible

7 Vacant Land (Outlots) Tracts 2,3,4 Tract 1 = 1.4 Acres Price Per Acre: $740,520 Tract Acres Price Per SF: $17 Total Price: $1,036,728 Tract Acres Tract 2 = 1.4 Acres Price Per Acre: $740,520 Price Per SF: $17 Total Price: $1,036,728

8 Vacant Land (Outlots) Tracts 5,6 Tract 3 = 1.3 Acres Tract Acres Price Per Acre: $740,520 Price Per SF: $17 Total Price: $962,676 Tract Acres Tract 4 = 1.3 Acres Price Per Acre: $653,400 Price Per SF: $15 Total Price: $849,420

9 Vacant Land (Outlots) Tract 7 Tract Acres Tract Acres Tract Acres Tract Acres Tract 5 = 9.1 Acres Price Per Acre: $435,600 Price Per SF: $10 Total Price: $3,963,960

10 PHOTOS

11 Property Aerial

12 Property Aerial

13 LOCATION

14 Property Map Prime Location Fort Wayne is the second largest city in Indiana and the center of economic activity in northeastern Indiana. With more than 420,000 residents in the metropolitan area, Fort Wayne s economy has diversified from its historic concentration in the automobile industry and found strength in other well-paying sectors. Fort Wayne is an affordable alternative to other Midwestern cities, offering a high quality of life with cultural and educational institutions in the community. The city is home to notable national companies such as Lincoln Financial Group, and Vera Bradley.

15 About Fort Wayne Prime Location The Property is located at the corner of Lima Road and Cook Road in one of the fast growing residential areas of the Fort Wayne MSA. Lima Road is the primary retail corridor serving the suburbs of northwest Fort Wayne with major retailers such as Lowe s, Mejier, The Home Depot, Sam s Club, Walgreens, and CVS. Costco recently opened a new 150,000 SF store on Lima Road just south of the I-69 interchange. Population growth within a five mile radius of the Property over the next five years is expected to outpace both State and National averages. Average household income within a five mile radius is $55,636 and home values within the same radius are $120,169.

16 Area Demographics 3-Mile Radius

17 Area Demographics 3-Mile Radius