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Shopping Strip

Erskine Commons (Verizon Center)

560 W Ireland Rd, South Bend, IN 46614

Listing Price: $2,250,000

Cap Rate
6.96%
Gross SF
7,805
Rentable SF
7,805
Price/Gross SF
$288.28
Lot Size
2.14 acres
Year Built
2007

Investment Overview

100 Percent Occupied | Four Tenant, Prime Midwest Retail Center| Tenants Include Verizon Wireless (Moody’s: Baa1), Rapidly-Growing Sweet Frog Frozen Yogurt, Midwest Kosher Deli, the Only Kosher Deli in Town, and MK’s Barber Shop Opportunity to Increase Below-Market Rents and Convert Leases to NNN in the Future South Bend MSA is the Second Largest Metro Area in the State of Indiana with a Combined Population of 587,735 | Property is Located in the Largest Retail Corridor on the South Side of South Bend Busy Retail Corridor Sees High Traffic Volume of Over 20,000 vehicles per day and Includes Numerous Major National Tenants: Walmart Supercenter, Lowe’s Home Improvement, AMC Theaters, Chick-Fil-A, Chipotle Mexican Grill, PNC Bank, Murphy’s USA Gas, Buffalo Wild Wings, Texas Roadhouse & More Oversized 2.14-Acre Parcel with a Signalized Intersection | Outparcel for Lowe’s and Walmart Supercenter | Located Just off Highway US-31 Which Sees Over 30,000 vehicles per day and Highway US-20 Bypass That Sees Over 40,000 vehicles per day Located Only Minutes From University of Notre Dame (15,000+ Total Enrollment), Indiana University South Bend (4,900 Students), and Ivy Tech Community College (5,000 Students) Strong Demographics With a Daytime Population of 135,923, Population of 125,707, with an Average Household Income of $63,206

Investment Highlights

  • 100% Occupied | Four Tenant, Prime Midwest Retail Center| Tenants Include Verizon Wireless (Moody's: Baa1), Rapidly-Growing Sweet Frog Frozen Yogurt, Midwest Kosher Deli, the Only Kosher Deli in Town
  • Opportunity to Increase Below-Market Rents and Convert Leases to NNN in the Future
  • Oversized 2.14-Acre Parcel with a Signalized Intersection | Outparcel for Lowe's and Walmart Supercenter | Located Just off Highway US-31 Which Sees Over 30,000 Vehicles per Day
  • Located Only Minutes From University of Notre Dame (15,000+ Total Enrollment), Indiana University South Bend (4,900 Students), and Ivy Tech Community College (5,000 Students)

Exclusively Listed By

Financing By

Shopping Strip

Erskine Commons (Verizon Center)

Listing Price: $2,250,000

Cap Rate
6.96%
Gross SF
7,805
Rentable SF
7,805
Price/Gross SF
$288.28
Lot Size
2.14 acres
Year Built
2007

Investment Highlights

  • 100% Occupied | Four Tenant, Prime Midwest Retail Center| Tenants Include Verizon Wireless (Moody's: Baa1), Rapidly-Growing Sweet Frog Frozen Yogurt, Midwest Kosher Deli, the Only Kosher Deli in Town
  • Opportunity to Increase Below-Market Rents and Convert Leases to NNN in the Future
  • Oversized 2.14-Acre Parcel with a Signalized Intersection | Outparcel for Lowe's and Walmart Supercenter | Located Just off Highway US-31 Which Sees Over 30,000 Vehicles per Day
  • Located Only Minutes From University of Notre Dame (15,000+ Total Enrollment), Indiana University South Bend (4,900 Students), and Ivy Tech Community College (5,000 Students)

Investment Overview

100 Percent Occupied | Four Tenant, Prime Midwest Retail Center| Tenants Include Verizon Wireless (Moody’s: Baa1), Rapidly-Growing Sweet Frog Frozen Yogurt, Midwest Kosher Deli, the Only Kosher Deli in Town, and MK’s Barber Shop Opportunity to Increase Below-Market Rents and Convert Leases to NNN in the Future South Bend MSA is the Second Largest Metro Area in the State of Indiana with a Combined Population of 587,735 | Property is Located in the Largest Retail Corridor on the South Side of South Bend Busy Retail Corridor Sees High Traffic Volume of Over 20,000 vehicles per day and Includes Numerous Major National Tenants: Walmart Supercenter, Lowe’s Home Improvement, AMC Theaters, Chick-Fil-A, Chipotle Mexican Grill, PNC Bank, Murphy’s USA Gas, Buffalo Wild Wings, Texas Roadhouse & More Oversized 2.14-Acre Parcel with a Signalized Intersection | Outparcel for Lowe’s and Walmart Supercenter | Located Just off Highway US-31 Which Sees Over 30,000 vehicles per day and Highway US-20 Bypass That Sees Over 40,000 vehicles per day Located Only Minutes From University of Notre Dame (15,000+ Total Enrollment), Indiana University South Bend (4,900 Students), and Ivy Tech Community College (5,000 Students) Strong Demographics With a Daytime Population of 135,923, Population of 125,707, with an Average Household Income of $63,206

Exclusively Listed By

Financing By

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