Shopping Strip
Jimmy John’s & Smoothie King Anchored Center
8160 Mississippi St, Merrillville, IN 46410
Listing Price: $1,978,919
Investment Overview
Marcus & Millichap is pleased to exclusively present a 100 percent occupied center, anchored by Jimmy John's with a brand new 10-year lease, and Smoothie King. All tenants operate on net leases with scheduled rental increases. The restaurants boast seasoned operators, all operating multiple restaurants (contact agent for more details). This well-maintained property was remodeled in 2016, and features a drive-thru, adding value and flexibility to current and future tenancy, Subject property is conveniently situated in a high-density, regional trade area, 0.3 miles from a super-regional mall, and off of Interstate 65, with 92,669 vehicles per day. Southlake Mall had over 6.4 million visits in the last 12 months, per Placer.ai, and is home to over 150 stores including JCPenney, Macy's, H&M, and more. This area is highly populated, just 43 miles from the heart of Chicago, with nearly 100,000 people living within five miles, and over 36,000 people working within three miles.
Jimmy John’s & Smoothie King Anchored Center
Investment Highlights
- 100 Percent Occupied Center Featuring Attractive Lease Structures | Brand New 10-Year Jimmy John's Lease
- All Tenants Operate on Net Leases with 3 Percent Annual Rental Increases
- Seasoned Operators, All Operating Multiple Restaurants (Contact Agent for Details)
- Well-Maintained Property - Building Remodeled in 2016
- High Visibility Along U.S. Highway 30 (Nearly 65,000 Vehicles per Day) and Mississippi Street (Nearly 21,000 Vehicles per Day)
- High-Density Regional Retail Trade Area off of Interstate 65 | Notable Retailers in Close Proximity
- Highly Populated Area with Large Workforce | 43 Miles from the Heart of Chicago
- 99,152 People Live Within Five Miles | 36,636 People Work Within Three Miles
Shopping Strip
Jimmy John’s & Smoothie King Anchored Center
Listing Price: $1,978,919
Investment Highlights
- 100 Percent Occupied Center Featuring Attractive Lease Structures | Brand New 10-Year Jimmy John's Lease
- All Tenants Operate on Net Leases with 3 Percent Annual Rental Increases
- Seasoned Operators, All Operating Multiple Restaurants (Contact Agent for Details)
- Well-Maintained Property - Building Remodeled in 2016
- High Visibility Along U.S. Highway 30 (Nearly 65,000 Vehicles per Day) and Mississippi Street (Nearly 21,000 Vehicles per Day)
- High-Density Regional Retail Trade Area off of Interstate 65 | Notable Retailers in Close Proximity
- Highly Populated Area with Large Workforce | 43 Miles from the Heart of Chicago
- 99,152 People Live Within Five Miles | 36,636 People Work Within Three Miles
Investment Overview
Marcus & Millichap is pleased to exclusively present a 100 percent occupied center, anchored by Jimmy John's with a brand new 10-year lease, and Smoothie King. All tenants operate on net leases with scheduled rental increases. The restaurants boast seasoned operators, all operating multiple restaurants (contact agent for more details). This well-maintained property was remodeled in 2016, and features a drive-thru, adding value and flexibility to current and future tenancy, Subject property is conveniently situated in a high-density, regional trade area, 0.3 miles from a super-regional mall, and off of Interstate 65, with 92,669 vehicles per day. Southlake Mall had over 6.4 million visits in the last 12 months, per Placer.ai, and is home to over 150 stores including JCPenney, Macy's, H&M, and more. This area is highly populated, just 43 miles from the heart of Chicago, with nearly 100,000 people living within five miles, and over 36,000 people working within three miles.
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