100% Occupied Grocery Anchored Center | 8276 Broadway St
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100% Occupied Grocery Anchored Center 8276 Broadway St
33,076 SF 100% Leased Retail Building West Baden Springs, IN 47469 $3,971,646 CAD ($120 CAD/SF) 7% Cap Rate
Investment Highlights
- 100% Occupied | Grocery Anchored Center
- Excellent Visibility & Access | Huge Pylon Sign | Retail Corridor Oversized Parcel
- Corporate Signed Strong Sales | Options To Extend | Scheduled Rental Increases
Executive Summary
• Spring Valley Plaza is a fully occupied, 3-tenant center anchored by Jay C Food Store, a Kroger subsidiary with an S&P credit rating of BBB.
• Jay C Food Store is in its initial lease term, featuring two 5-year options to extend
• Each option includes scheduled rental increases, enhancing income stability.
• The subject Jay C Food Store demonstrates Strong Store Sales (contract broker for more detail) and is expected to reach its percentage rent breakpoint in the near future.
• As the only major grocery store in West Baden, Jay C Food Store enjoys a competitive advantage in a less saturated market.
• Family Dollar, operating under a 10-year lease with five 5-year extension options. The subject Family Dollar is also a Top Performing Family Dollar within 30-mile radius
• Miguel’s Mexican Restaurant, a long-standing tenant with over 20 years on site, recently renewed for an additional 5 years, showcasing its strong commitment to the location.
• All leases are structured as NNN, minimizing expense leakage for future ownership. This makes the property an ideal low-management investment opportunity.
• Jay C Food Store is in its initial lease term, featuring two 5-year options to extend
• Each option includes scheduled rental increases, enhancing income stability.
• The subject Jay C Food Store demonstrates Strong Store Sales (contract broker for more detail) and is expected to reach its percentage rent breakpoint in the near future.
• As the only major grocery store in West Baden, Jay C Food Store enjoys a competitive advantage in a less saturated market.
• Family Dollar, operating under a 10-year lease with five 5-year extension options. The subject Family Dollar is also a Top Performing Family Dollar within 30-mile radius
• Miguel’s Mexican Restaurant, a long-standing tenant with over 20 years on site, recently renewed for an additional 5 years, showcasing its strong commitment to the location.
• All leases are structured as NNN, minimizing expense leakage for future ownership. This makes the property an ideal low-management investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
33,076 SF
Year Built
1987
Price
$3,971,646 CAD
Price Per SF
$120 CAD
Cap Rate
7%
NOI
$278,022 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
5.14 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
116 Spaces (3.51 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 59-05-34-405-001.002-003 | Improvements Assessment | $2,063,475 CAD |
| Land Assessment | $782,547 CAD | Total Assessment | $2,846,022 CAD |
PROPERTY TAXES
Parcel Number
59-05-34-405-001.002-003
Land Assessment
$782,547 CAD
Improvements Assessment
$2,063,475 CAD
Total Assessment
$2,846,022 CAD
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100% Occupied Grocery Anchored Center | 8276 Broadway St
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