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
JIMMY JOHN’S & SMOOTHIE KING CENTER
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
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
