Pegasus Investments Real Estate Advisory Inc and ParaSell, Inc. , as exclusive advisors to Seller, are pleased to offer for sale a single tenant, corporate Xfinity store located in Lafayette, Indiana (the “Property”). The Property is secured by a lease guaranteed by Xfinity’s parent company, Comcast Corporation, which carries an investment grade credit rating (S&P: “A-”; Moody’s: “A3”), benefiting investors with one of the highest credit-rated tenants in the market and a uniquely favorable risk adjusted yield.
Strategically located along the Lafayette’s primary retail corridor which includes tenancy from Home Depot, Target, Lowe’s, Sam’s Club, Walmart Supercenter and Meijer, the property is positioned directly adjacent to the Caterpillar’s Large Engine Plant which employs nearly 2,000 workers in its 1.6 million square foot facility. To the west of the subject property sits Purdue University, Lafeyette’s largest employer and home to 52,000+ students, which generates over a $700 million economic impact annually to the region. Greater Lafayette was recently ranked as the No.1 U.S. Housing Market in Wall Street Journal’s Emerging Housing Markets Index for its affordable housing, a skilled technology-based workforce, and a strong growing local economy. Lafayette’s growth over the last decade has pushed the city into the national spotlight as an emerging hub for innovation in advanced manufacturing across multiple industries including medical, aerospace and defense, agriculture, and nanotechnology.
Xfinity is the cable television division of Comcast Corporation which is used to market consumer cable television, internet, telephone and wireless services provided by the company. Comcast Corporation, an American global telecommunications conglomerate that is the second largest broadcasting and cable television company the world by revenue.