Ft. Wayne, IN

Mixed-Use Retail/Medical Office New Construction

NEC of DuPont and Diebolds Roads, Ft. Wayne, IN

  • Property Type

    Mixed-Use Retail/Medical Office Development – New Construction

  • Size

    8.36 Acres

  • Key Tenants

    National and Regional Tenants

  • Transaction Value

    $17,000,000

THE ASSET

  • 8.36-acre land parcel located at 10500 Diebold Road in Fort Wayne, IN. Subject property is located in the heart of the northeast Ft. Wayne’s dominant commercial and medical sub-market anchored by Parkview Regional Medical Campus (6,250 employees, 9,000 daily visits), Dupont Hospital, Manchester University, and a future Meijer grocery store (opening in 2022).

THE OPPORTUNITY

  • Create a class-A mixed-use development that will include restaurant, retail, healthcare and/or office users.
  • Attractive land basis at 30% below market value.
  • Within two miles of tremendous daily traffic drivers and benefits from premier visibility at a signalized intersection just ½ mile east of a I-69 full interchange.
  • Partner with an established Freddy’s Frozen Custard & Steakburger franchisee who will be opening a brand new restaurant on the hard corner.
  • Maximize buildable GLA and take advantage of the demand from service and necessity-based retailers and/or medical office users for quality space in the market.

THE RESULT

  • Currently executing our business plan for the asset.
  • Working on development plan and simultaneously negotiating letters of intent with a handful of users for new construction outlot buildings (single tenant and multi-tenant).