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Shopping Strip

Sagamore Shoppes

1 Sagamore Pkwy S, Lafayette, IN 47901

Listing Price: $2,550,000

Cap Rate
6.28%
Rentable SF
6,600
Lot Size
0.77 acres
Year Built
2009

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review Sagamore Shoppes in Lafayette, IN. The property is perfectly positioned at the signalized hard corner of Sagamore Parkway and South Street in the heart of Lafayette. The three tenant, 6,600 square foot retail center enjoys long-term historical occupancy anchored by T-Mobile, Subway, and Vitamin Shoppe with staggered lease rollover and triple net leases leaving minimal management responsibilities for an incoming investor. The parcel is 0.77 acres and possesses excellent visibility, ingress and egress, and traffic counts of over 40,000 combined vehicles per day at the intersection. Sagamore Shoppes is in the heart of the retail corridor with several national, regional, and local traffic drivers drawing customers to the center including Target, Home Depot, Pet Supplies Plus, O’Reilly Auto Parts, Chase Bank, Steak ‘n Shake, and Lowe’s among many others. South Street is one of the main east/west arteries connecting downtown Lafayette and Purdue University to Interstate 65, the main highway between Indianapolis and Chicago. Sagamore Parkway is one of the main north/south arteries in Lafayette bringing traffic from the 864,000sf Simon Mall and continuing north as a bypass around the bustling downtown. The property’s superior retail destination location is supported by dense five-mile demographics exceeding 142,985 people and its proximity to Purdue University which has an enrollment of 40,000 students which provides a stable employment base and workforce for a diverse slate of industries centered on manufacturing. Approximately 224,000 people reside in the metro, which is forecast to expand by roughly 11,000 citizens by 2025.

Investment Highlights

  • 6,600 Square-Foot, 100% Occupied, Three-Tenant Retail Center ¦ Anchored by T-Mobile, Subway, and Vitamin Shoppe
  • Long-Term Historical Occupancy ¦ Minimal Landlord Responsibilities ¦ NNN Leases ¦ Staggered Lease Rollover
  • Signalized Corner ¦ Traffic Counts of over 40,000 Vehicles Per Day Combined ¦ High Visibility with Excellent Ingress and Egress
  • Located in Heart of Retail Corridor ¦ National Traffic Drivers include Target, Home Depot, Chase Bank, Steak 'n Shake, O'Reilly Auto Parts, and Lowe's among Many Others
  • College Town ¦ Purdue University Enrollment Exceeds 40,000 Students
  • 5-Mile Population of 142,985 ¦ Average Household Income of $67,422

Exclusively Listed By

Listing Price: $2,550,000

Cap Rate
6.28%
Rentable SF
6,600
Lot Size
0.77 acres
Year Built
2009

Investment Highlights

  • 6,600 Square-Foot, 100% Occupied, Three-Tenant Retail Center ¦ Anchored by T-Mobile, Subway, and Vitamin Shoppe
  • Long-Term Historical Occupancy ¦ Minimal Landlord Responsibilities ¦ NNN Leases ¦ Staggered Lease Rollover
  • Signalized Corner ¦ Traffic Counts of over 40,000 Vehicles Per Day Combined ¦ High Visibility with Excellent Ingress and Egress
  • Located in Heart of Retail Corridor ¦ National Traffic Drivers include Target, Home Depot, Chase Bank, Steak 'n Shake, O'Reilly Auto Parts, and Lowe's among Many Others
  • College Town ¦ Purdue University Enrollment Exceeds 40,000 Students
  • 5-Mile Population of 142,985 ¦ Average Household Income of $67,422

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review Sagamore Shoppes in Lafayette, IN. The property is perfectly positioned at the signalized hard corner of Sagamore Parkway and South Street in the heart of Lafayette. The three tenant, 6,600 square foot retail center enjoys long-term historical occupancy anchored by T-Mobile, Subway, and Vitamin Shoppe with staggered lease rollover and triple net leases leaving minimal management responsibilities for an incoming investor. The parcel is 0.77 acres and possesses excellent visibility, ingress and egress, and traffic counts of over 40,000 combined vehicles per day at the intersection. Sagamore Shoppes is in the heart of the retail corridor with several national, regional, and local traffic drivers drawing customers to the center including Target, Home Depot, Pet Supplies Plus, O’Reilly Auto Parts, Chase Bank, Steak ‘n Shake, and Lowe’s among many others. South Street is one of the main east/west arteries connecting downtown Lafayette and Purdue University to Interstate 65, the main highway between Indianapolis and Chicago. Sagamore Parkway is one of the main north/south arteries in Lafayette bringing traffic from the 864,000sf Simon Mall and continuing north as a bypass around the bustling downtown. The property’s superior retail destination location is supported by dense five-mile demographics exceeding 142,985 people and its proximity to Purdue University which has an enrollment of 40,000 students which provides a stable employment base and workforce for a diverse slate of industries centered on manufacturing. Approximately 224,000 people reside in the metro, which is forecast to expand by roughly 11,000 citizens by 2025.

Exclusively Listed By

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