• 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.