1932 E. 81st Ave, Merrillville, IN, 46410, US

Merrillville Plaza

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Merrillville Plaza – an investment grade anchored power center in a high barrier to entry location 45 miles Southeast of Chicago. This Property is anchored by investment-grade tenancy that includes T.J. Maxx (TJX – A2), and Dollar Tree (DLTR – Baa2) and is supported by dominant national tenants and local service users. Merrillville Plaza is a unique opportunity to acquire a stable income stream anchored by market dominant tenancy.

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Attributes

Building area Gross

21,918 m²

Occupancy

91.00%

Year built

1988

Media

Investment Highlights

Recent Leasing Velocity – 132,937 SF | 56% OF GLA

New 7-Year Lease with Dollar Tree• New 10-Year Lease with dd’s Discounts
New 10-Year Lease with The Room Place
New 10-Year Lease with D1 Fitness
New 10-Year Lease with Sleep Number
New 5-Year Lease Renewal with T.J. Maxx
Pending 5-Year Lease Renewal with David’s Bridal

Secure Income Stream With Multiple Tenant Drawing Power And Ideal Tenant Spacing

Nearest T.J. Maxx location: 11 miles
Nearest dd’s Discounts location: 17 miles
Nearest The Room Place location: 26 miles
Nearest Dollar Tree Location: 26 miles
Main And Main Retail Location
Strategically located 0.5 miles directly East of I-65/Hwy 30 interchange

Supported By Category Leading Shadow Anchors Within High-Performing Dense Retail Corridor

Adjacent to Crossings at Hobart, anchored by 5 investment grade tenants: Walmart & Sam’s Club (Aa2), Ross Dress for Less (A2), Best Buy (A3), and Dick’s Sporting Goods (Baa3)
The combined centers see a combined 9.3mm visits annually

Diversified Tenant Mix

No one tenant contributes more than 18% of income- lowering risk and strengthening economic durability
Anchors (>10k SF) contribute 64% of total tenant income