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Shopping Community

Knox Mall Shopping Center | Grocery Market, Tractor Supply and Family Dollar Anchor

1301 S Heaton St, Knox (1.5 Hrs SE of Chicago), IN 46534

Listing Price: $5,360,000

Cap Rate
7.75%
Gross SF
85,435
Rentable SF
80,672
Price/Gross SF
$62.74
Lot Size
7.00 acres
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to present for sale Knox Mall Shopping Center, an 85,000-square foot regional retail center located in Knox, Indiana, a county seat community. Knox Mall Shopping Center sits on approximately 7+ acres along South Heaton Street, the main retail corridor in Knox, Indiana. The property is well-positioned as the only shopping center destination in Knox and is located in front of Knox High School, Elementary School and Middle School.

The property is 97% occupied and anchored by Five Star Grocery Marketplace (50+ yrs occupancy), Tractor Supply Company (recent long-term renewal) and Family Dollar alongside additional local retailers and service providers. The anchor tenants occupy their spaces under NNN (triple-net) leases, ensuring predictable cash flow and minimal landlord responsibility for property expenses. The remaining in-line tenants provide additional income stability while serving the everyday needs of Knox residents. Positioned on a prime retail corridor, Knox Mall Shopping Center benefits from high visibility, excellent access, and proximity to complementary commercial activity, making it a dominant shopping destination for the local and regional residents of Starke County.

This offering presents a rare opportunity to acquire a well-located, largely stabilized regional shopping center with a strong occupancy history, creditworthy anchors, and long-term rental growth & appreciation potential in a primary retail destination of Starke County.

Investment Highlights

  • Anchored by Tractor Supply Company, Family Dollar and Five Star Marketplace
  • Five Star Marketplace is the Major Grocery Serving the Regions and Has Been Operating at this Site for 50 Years
  • Brand-New, 10-Year Lease Renewal from Tractor Supply
  • Anchor Tenants Operate Under Triple-net Leases
  • Long-Term Historical Occupancy with Income Growth Potential in a Regional, County Seat Marketplace

Exclusively Listed By

Shopping Community

Knox Mall Shopping Center | Grocery Market, Tractor Supply and Family Dollar Anchor

Listing Price: $5,360,000

Cap Rate
7.75%
Gross SF
85,435
Rentable SF
80,672
Price/Gross SF
$62.74
Lot Size
7.00 acres
Year Built
1975

Investment Highlights

  • Anchored by Tractor Supply Company, Family Dollar and Five Star Marketplace
  • Five Star Marketplace is the Major Grocery Serving the Regions and Has Been Operating at this Site for 50 Years
  • Brand-New, 10-Year Lease Renewal from Tractor Supply
  • Anchor Tenants Operate Under Triple-net Leases
  • Long-Term Historical Occupancy with Income Growth Potential in a Regional, County Seat Marketplace

Investment Overview

Marcus & Millichap is pleased to present for sale Knox Mall Shopping Center, an 85,000-square foot regional retail center located in Knox, Indiana, a county seat community. Knox Mall Shopping Center sits on approximately 7+ acres along South Heaton Street, the main retail corridor in Knox, Indiana. The property is well-positioned as the only shopping center destination in Knox and is located in front of Knox High School, Elementary School and Middle School. The property is 97% occupied and anchored by Five Star Grocery Marketplace (50+ yrs occupancy), Tractor Supply Company (recent long-term renewal) and Family Dollar alongside additional local retailers and service providers. The anchor tenants occupy their spaces under NNN (triple-net) leases, ensuring predictable cash flow and minimal landlord responsibility for property expenses. The remaining in-line tenants provide additional income stability while serving the everyday needs of Knox residents. Positioned on a prime retail corridor, Knox Mall Shopping Center benefits from high visibility, excellent access, and proximity to complementary commercial activity, making it a dominant shopping destination for the local and regional residents of Starke County. This offering presents a rare opportunity to acquire a well-located, largely stabilized regional shopping center with a strong occupancy history, creditworthy anchors, and long-term rental growth & appreciation potential in a primary retail destination of Starke County.

Exclusively Listed By

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