Hardee's

2720 Maplecrest Road, Fort Wayne, IN

$1,752,000

Price

$9

NOI

34,935 sqft

Lot Area

Overview
NOI
$9
Lot Area
34,935 sqft
Occupancy
100%
Lease Type
Absolute Net
Year Built
2019
Tenancy
Single
Lease Expire Year
2034
Description

The subject property is prominently situated with excellent visibility and access within a dense retail hub near the signalized intersection of Maplecrest Road (18,100 AADT) and East State Boulevard (22,000 AADT). The city has just approved the first phase of the Maplecrest Road widening project due to high traffic. The project calls for widening the road to four lanes with a center left turn lane, which will allow for left turns into the site. The site benefits from robust demographics with a total daytime population of 156,096 within 5 miles of the site. Average household income within 1 mile of the property exceeds $73,440.


The property benefits from a strategic retail location neighboring numerous shopping centers, major retail tenants, employers, and schools. The property is located immediately adjacent to the Georgetown Square and Georgetown Shoppes shopping centers, with tenants including Kroger, Fifth Third Bank, Chase Bank, and more. Other shopping centers neighboring the site include Chapel Ridge Shopping Center, anchored by Walmart Supercenter, with additional tenants including Meijer, Tractor Supply Company, and Menards; Northwood Plaza, anchored by Target and Walgreens; Maysville Pointe Shopping Center, with tenants including Walgreens, PetSmart, Michaels, and Marshalls; St. Joe Village, anchored by Kroger and CVS; Maplewood Plaza, with tenants including Big Lots; Statewood Plaza, featuring Harbor Freight Tools and Starbucks as tenants; Northcrest Shopping Center, with major tenants including Best Buy and TJ Maxx; JoAnn Plaza, featuring JoAnn Fabrics and Tuesday Morning as tenants; Glenbrook Commons, anchored by Dunham’s Sports; Coliseum Shoppes, with Blaze Pizza, Red Wing Shoes, and Half Price Books as tenants; Glenbrook Square Mall, anchored by Target and Macy’s; Glenbrook Plaza, with tenants including Dick’s Sporting Goods, Petco, and Starbucks; Coldwater Crossing, anchored by Walmart Supercenter and Hobby Lobby; and CrossCreek, featuring Meijer, Home Depot, and Gander Outdoors as tenants. Other major retail tenant neighboring the site include CVS, Walgreens, Sam’s Club, Lowe’s, Fresh Thyme Farmers Market, and more.

This property is listed in conjunction with Indiana-licensed real estate broker Sturges, LLC.

Highlights
  • New 15-Year Absolute NNN Lease to Established Hardee’s Franchisee with Scheduled Rental Escalations Every 5 Years
  • Highly Functional Brand New 2019 Construction with Drive-Thru Component
  • Excellent Access and Visibility within Robust Retail Hub - Combined AADT of 40,100
  • Robust Demographics within 5 Mile Radius - Total Daytime Population of 156,096
  • Ideal Retail Location Neighboring Major Tenants and Shopping Centers
  • Less than 5 Miles from Indiana Institute of Technology and Purdue University Fort Wayne - Student Population of Approximately 28,000 within 5 Miles

Location
Gallery