8276 Broadway St - Freestanding FOR SALE


West Baden Springs, IN 47469
$2,793,000 USD
303-884-6659
8276 Broadway St, West Baden Springs, IN for Sale
$2,793,000 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

8276 Broadway St
West Baden Springs, IN 47469


HIGHLIGHTS

  • 100% Occupied | Grocery Anchored Center
  • Corporate Signed Strong Sales | Options To Extend | Scheduled Rental Increases
  • Excellent Visibility & Access | Huge Pylon Sign | Retail Corridor Oversized Parcel

OVERVIEW

• 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.

FOR SALE DETAILS

PRICE

$2,793,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied Grocery Anchored Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

116

LAND DETAILS

LAND ACRES

5.14 AC

LAND SF

223,898 SF

ZONING

Commercial

APN/PARCEL ID

59-05-34-405-001.002-003

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.