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Shopping Strip

JIMMY JOHN’S & SMOOTHIE KING CENTER

8180 Mississippi St, Merrillville, IN 46410

Listing Price: $2,250,000

Cap Rate
6.87%
Gross SF
4,601
Rentable SF
4,601
Price/Gross SF
$489.02
Lot Size
1.48 acres
Year Built
1978

Investment Overview

EXCEPTIONAL TRAFFIC COUNTS (16,194+ VPD) 2020 OVER 94,000 RESIDENTS WITHIN FIVE MILES AVERAGE HOUSEHOLD INCOME OF $82,168 WITHIN FIVE MILES

Investment Highlights

  • 100% OCCUPIED - ALL LEASES TRIPLE NET (THREE UNITS)
  • SMOOTHIE KING – 88TH PERCENTILE OF STORE VISITS STATEWIDE FROM 1/1/2020-5/1/2022 (PLACER.AI) JIMMY JOHN'S – 78TH PERCENTILE OF STORE VISITS STATEWIDE FROM 1/1/2020-5/1/2022 (PLACER.AI)
  • DRIVE THRU ON JIMMY JOHN'S SPACE STRONG JIMMY JOHN'S SALES SINCE OPENING IN 2016
  • HIGH DENSITY REGIONAL RETAIL TRADE AREA LOCATED RIGHT OFF INTERSTATE 65 MAIN-ON-MAIN LOCATION I-69 EXIT RAMP AT US30
  • SURROUNDED BY OVER 20 NAME BRAND HOTELS JUST OUTSIDE OF THE SOUTHLAKE MALL RING

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Shopping Strip

JIMMY JOHN’S & SMOOTHIE KING CENTER

Listing Price: $2,250,000

Cap Rate
6.87%
Gross SF
4,601
Rentable SF
4,601
Price/Gross SF
$489.02
Lot Size
1.48 acres
Year Built
1978

Investment Highlights

  • 100% OCCUPIED - ALL LEASES TRIPLE NET (THREE UNITS)
  • SMOOTHIE KING – 88TH PERCENTILE OF STORE VISITS STATEWIDE FROM 1/1/2020-5/1/2022 (PLACER.AI) JIMMY JOHN'S – 78TH PERCENTILE OF STORE VISITS STATEWIDE FROM 1/1/2020-5/1/2022 (PLACER.AI)
  • DRIVE THRU ON JIMMY JOHN'S SPACE STRONG JIMMY JOHN'S SALES SINCE OPENING IN 2016
  • HIGH DENSITY REGIONAL RETAIL TRADE AREA LOCATED RIGHT OFF INTERSTATE 65 MAIN-ON-MAIN LOCATION I-69 EXIT RAMP AT US30
  • SURROUNDED BY OVER 20 NAME BRAND HOTELS JUST OUTSIDE OF THE SOUTHLAKE MALL RING

Investment Overview

EXCEPTIONAL TRAFFIC COUNTS (16,194+ VPD) 2020 OVER 94,000 RESIDENTS WITHIN FIVE MILES AVERAGE HOUSEHOLD INCOME OF $82,168 WITHIN FIVE MILES

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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