Investment Overview

Marcus & Millichap is pleased to exclusively present for sale the Visionworks property located in Lafayette, Indiana. The subject offering is a single-tenant, net-leased retail asset positioned along Sagamore Parkway, one of Lafayette’s most heavily trafficked retail and commercial corridors, with approximately 30,000 vehicles-per-day. Originally constructed in 2016 as a build-to-suit for Visionworks, the property is situated on 0.48 acres at the signalized-intersection of Sagamore Parkway South and Teal Road. The site benefits from exceptional visibility and access and is directly adjacent to Tippecanoe Mall, a dominant regional indoor mall owned and operated by Simon Property Group. Visionworks recently exercised its first five-year renewal option early, demonstrating strong commitment to the location. The lease features three remaining five-year renewal options, each with 10 percent rental increases, providing investors with long-term income growth and stability. The tenant operates under a triple-net (NNN) lease structure, reimbursing the landlord for common area maintenance, property taxes, and insurance, while the landlord collects a 15 percent CAM administrative fee. This offering represents an ideal opportunity for passive investors seeking high-quality, net-leased real estate in a dense and established retail corridor, anchored by a national tenant with proven site commitment and built-in rental escalations.