865 E Jefferson St - Supermarket FOR SALE


Plymouth, IN 46563
$2,143,000 USD
858-822-9811
865 E Jefferson St, Plymouth, IN for Sale
$2,143,000 USD
Supermarket - FOR SALE
1/11
null | 7% Cap Rate

865 E Jefferson St
Plymouth, IN 46563


HIGHLIGHTS

  • Corporate Backed Lease Guaranteed by SpartanNash (NASDAQ: SPTN)
  • Over 10,800 Visits on Average per Week, per Placer.ai
  • NNN Lease with Limited Landlord Responsibilities (Roof & Structure)
  • New Roof Installed in 2021 with 8-Year Transferable Warranty
  • Two 5-Year Options with Automatic Renewal
  • The Only Starbucks within 25 Mile Radius Located In-Store

OVERVIEW

The subject property is a recently renovated Martin’s Super Market located in Plymouth, Indiana. The property offers a NNN corporate backed lease guaranteed by SpartanNash Company (NASDAQ: SPTN) with ±9 years of term remaining and two 5-year options with automatic renewals. The tenant has over 24 years of operating history at this site. The NNN lease has limited landlord responsibilities (roof & structure). A new roof was installed in 2021 with a transferable warranty. There’s limited competition within the immediate trade area and the subject property offers the only Starbucks within a 25-mile radius located in-store. The site sits on a 5.14-acre lot with excellent visibility and accessibility with frontage of 327’ on E. Jefferson Street (9,110 VPD) and several points of ingress/egress. The site provides close access to U.S. Hwy 30 and U.S. Hwy 31 with 33,760 VPD combined. There are numerous hotels with over 430+ rooms combined in a 3-mile radius and the site is less than 3 miles from Pilgrim Place, a Lowe’s Home Improvement anchored shopping center. Martin’s Super Market is directly adjacent to Plymouth High School (±1,157 average annual student enrollment) and is located nearby many dense residential neighborhoods. There are several national retailers within a 1.5-mile radius such as CVS, Walgreens, AutoZone Auto Parts, Planet Fitness, and more. Martin’s Super Markets includes a Side Door Deli Café and has the only Starbucks within a 25-mile radius located in-store, driving additional traffic. The site has over 10,800 visits on average per week, per Placer.ai. Watch Property Video: https://vimeo.com/918436387

FOR SALE DETAILS

PRICE

$2,143,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Martin's Super Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

240

LAND DETAILS

LAND ACRES

5.14 AC

LAND SF

223,898 SF

ZONING

Commercial

APN/PARCEL ID

50-32-93-202-237.000-019

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

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