Description

· Address: 701-717 US HWY 41, Schererville, IN 46375-1217

· GLA: 138,289 SF

· Occupancy: 100%

· Year 1 NOI: +/- $1,960,000

· 5-Year CAGR: +/- 4.5%

· WALT: 8.4 Years

· Year Built: 2005

· Tenant Suites: 13

· Buildings: 4

· Parking Spots: 773

Ken Martin - License #: IN - RB19001364

...

Attributes

Building area net

12,847 sm

Occupancy

100%

Year built

2005

Institutional Quality Retail Corridor with Affluent Consumer Base

Affluent Trade Area with $132K AHHI Within 3 Miles, Growing to $143K Within 1 Mile
Positioned Along U.S. Route 41 with 34,000+ VPD
1M+ Annual Visitors to the Center, Increasing 14.6% Year-Over-Year
Immediate Proximity to Institutionally Owned Retail Centers Featuring Indiana’s #1 Most Visited Whole Foods

Attractive Basis Supported by Tight Retail Fundamentals

~14% of GLA Across 4 Tenants Rolling Within a 5-Year Hold With No Remaining Renewal Options, and Market Rents ~60% Above Weighted Avg. In-Place Rents
1.0% Retail Vacancy Rate and 3.8% YOY Market Rent Growth Within 1-Mile Radius

National Tenant Line-Up with Recent Leasing Momentum

+/- 82% of GLA and +/- 76% of Income Derived from National Tenants
78,983 SF Signed Across 4 New Leases Since 2024
Recent Leasing Includes Slick City Action Park, Raising Cane’s, Crunch Fitness, and U.S. Army

Spin-Off Opportunities

Three Separately Parceled Outlots Offer Accretive Spin-Off Potential and Exit Flexibility:
Raising Canes – 7,025 SF
La Carreta – 6,285 SF
Region Dental, U.S. Army, & Batteries Plus Outlot – 7,811 SF