Bellagio Real Estate Partners, LLC is pleased to present The Highland Shoppes,
a three-tenant real estate investment opportunity located at 4023 W 3rd St,
Bloomington, IN. This 19,700 SF shopping center sits on 1.52 acres along a highly
trafficked corridor half a mile from I-69 (44,000 VPD), offering excellent visibility
and accessibility. The asset is anchored by CSL Plasma, a division of CSL Limited, a
global biopharmaceutical company with investment-grade credit ratings from S&P
(A-) and Moody’s (A3) which indicate a stable outlook. CSL Plasma occupies 10,000
SF (over 50% of total GLA) and provides a long-term income stream, with a lease
expiration in 2034 and two 5-year renewal options, creating a stable foundation for
this investment.
The center is further complemented by Cloverleaf Family Restaurant, a longstanding
local eatery that recently underwent a remodel, and Rent-A-Center,
a national lease-to-own retailer. Cloverleaf operates under a NNN lease through
2028 with scheduled annual rent increases and two 5-year renewal options, while
Rent-A-Center is on a below-market gross lease through 2025 with no options,
providing flexibility and value-add opportunity for an investor.