Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1998
Building Area Net
Occupancy 94.0 %

Asset Description

Apple Glen Crossing is located at 1410-1760 Apple Glen Boulevard, Fort Wayne, approximately 4 miles west of downtown Fort Wayne. The property is bordered to the north by an office building (4705 Illinois Road), and Jefferson Point Shopping Center to the east. Jefferson Boulevard, beyond which are residential and commercial properties, borders the south side of the property, with the west bordered by residential properties. Apple Glen Crossing is divided by two large retail stores and a gasoline store that are not a part of the sale: Wal-Mart (1710 Apple Glen Boulevard), Murphy USA (1716 Apple Glen Boulevard), and Kohl’s (1410 Apple Glen Boulevard). Project improvements consist of three pieces of land, each with its own commercial structure, landscaped areas, and surface-level asphalt paved parking/drive areas. Each commercial structure contains several commercial tenants.

Investment Highlights

Best In-Class Shadow Anchors

  • Shadow anchors, Walmart (Fortune 500, #1) and Kohl's (Fortune 500 #195) generated just over 2.45M visitors in the past 12 months
  • The Apple Glen Crossing Kohl's location rands in the top 15% of Kohl's stores nationally in foot traffic volume.

Dominant, National Tenant Lineup

  • 85% of leased GLA occupied byt National Tenants

Recent Leasing Momentum

  • Best Buy exercised 5-year renewal option at no cost extending term to 2027
  • Ulta signed at 10-year lease with three, 5-year renewal options
  • American's Best Contacts & Eyeglasses signed a 10-year lease commencing in September of 2021
  • Dick's Sporting Goods extended lease at the end of 2020 through 2026

Prominent Frontage/Visibility

  • Located between Illinois Rd and W Jefferson Blvd which experience VPD counts of 33,058 and 23,250 respectively

Proximity To Other National Retailers

  • Apple Glen Crossing sits adjacent to Jefferson Pointe Mall which recently added Trader Joe's, AMC Theaters, Michaels and other national tenants

Proven Legacy Of Tenant Retention

  • Best Buy, Dick's Sporting Goods, PetSmart, Walmart and Kohl's have been tenants at Apple Glen Crossing for over 20 years

Pad Development Opportunity

  • Ability to construct a 10,945 SF outparcel adjacent to Kohl's
Last Updated Date: 22 Oct 2021

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Last Updated Date: 22 Oct 2021

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