Shopping Strip
Granger 3-Unit Strip I Small Price Point I Long Term Tenants
15015 IN-23, Granger, IN 46530
Listing Price: $1,100,000
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale 15015 State Road 23 in Granger, IN, a 100% occupied 3-unit strip consisting of 6,920 square feet on a 0.97 acre lot. This highly stable asset, built in 1984, features desirable tenants including 32 Pearls Family Dentistry which has occupied its space since 2010 and Yummy Pizza which has occupied its space for over 20 years. Moreover, PaddyShack Ice Cream signed its lease in 2021 though it previously subleased space from Yummy Pizza and has a strong presence in the local community.
The subject property benefits from its position just five miles from the University of Notre Dame, one of America’s most prestigious and top ranked universities with 13,000 enrolled students and generating $2.46 billion in regional economic activity annually. The site also receives material benefit from being located directly across from St. Pius X Catholic Church & School which recently underwent a massive $20 million renovation and boasts over 10,000 parishioners and 500 students.
This 3-unit strip also receives advantages from its location in a high density affluent area with over 104,000 people living within a 5-mile radius and an average annual household income exceeding $138,000 within a 1-mile radius. Surrounding population growth is also projected to amount to roughly 3 percent within a five mile radius by 2027 providing future upside to this asset.
Granger 3-Unit Strip I Small Price Point I Long Term Tenants
Investment Highlights
- Fully Occupied 3-Tenant Strip with Limited Landlord Responsibilities
- Five Miles from University of Notre Dame Creating $2.46 Billion in Regional Economic Impact
- Across from St. Pius X Church w/ 10,000 Parishioners, 500 Students, and Underwent a Recent $20 Million Expansion
- Affluent Area (Average Household Income $138,000) and Dense Demographics (104,000 People Within a 5-Mile Radius)
Shopping Strip
Granger 3-Unit Strip I Small Price Point I Long Term Tenants
Listing Price: $1,100,000
Investment Highlights
- Fully Occupied 3-Tenant Strip with Limited Landlord Responsibilities
- Five Miles from University of Notre Dame Creating $2.46 Billion in Regional Economic Impact
- Across from St. Pius X Church w/ 10,000 Parishioners, 500 Students, and Underwent a Recent $20 Million Expansion
- Affluent Area (Average Household Income $138,000) and Dense Demographics (104,000 People Within a 5-Mile Radius)
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale 15015 State Road 23 in Granger, IN, a 100% occupied 3-unit strip consisting of 6,920 square feet on a 0.97 acre lot. This highly stable asset, built in 1984, features desirable tenants including 32 Pearls Family Dentistry which has occupied its space since 2010 and Yummy Pizza which has occupied its space for over 20 years. Moreover, PaddyShack Ice Cream signed its lease in 2021 though it previously subleased space from Yummy Pizza and has a strong presence in the local community. The subject property benefits from its position just five miles from the University of Notre Dame, one of America’s most prestigious and top ranked universities with 13,000 enrolled students and generating $2.46 billion in regional economic activity annually. The site also receives material benefit from being located directly across from St. Pius X Catholic Church & School which recently underwent a massive $20 million renovation and boasts over 10,000 parishioners and 500 students. This 3-unit strip also receives advantages from its location in a high density affluent area with over 104,000 people living within a 5-mile radius and an average annual household income exceeding $138,000 within a 1-mile radius. Surrounding population growth is also projected to amount to roughly 3 percent within a five mile radius by 2027 providing future upside to this asset.
