Investment Overview

Marcus & Millichap is pleased to exclusively offer a Family Dollar anchored center with Family Dollar offering five years term remaining backed by a corporate guarantee. The center enjoys full occupancy and underwent renovations in 2018. Notably, both tenants have the added benefit of rental increases available throughout their extension options. This center ranks in the top 83% of Indiana Family Dollar stores, drawing an impressive 55,000 visitors within a 12-month period according to Placer.ai. Strategically situated in a prime location, the center is just 0.2 miles away from Interstate 94's interchange, with 206,635 vehicles per day. Additionally, it enjoys proximity to the 25th Avenue and Grant Street intersection, with a daily traffic count of 25,776 vehicles. With over 255 feet of frontage along 25th Avenue, the center offers high visibility to passing motorists. Furthermore, it is conveniently located 0.7 miles from Methodist Hospitals Midlake Campus and just 3.2 miles from the recently opened Hard Rock Casino Northern Indiana, a $300 million establishment featuring 1,700 slots, 80 table games, a sportsbook, five restaurants, two bars, and a live entertainment venue. The center benefits from its close proximity to various retail properties, including Aldi, Fresh Country Market, Walgreens, Taco Bell, Sharks, Pizza Hut, Fresenius Medical Care, Midas, and more. It is also conveniently served by the 25th and Grant bus stop, where two different bus lines provide access. Additionally, it is just 1.9 miles away from Indiana University Northwest, with a student population of 3,600. The center benefits from a dense population, with 60,342 people residing within a three-mile radius. It is also part of the Chicago Metropolitan Statistical Area (MSA), situated 33.4 miles southeast of Chicago, further enhancing its regional significance and accessibility.