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Grocery Store

Martins Supermarket Corporate Guarantee

865 E Jefferson St, Plymouth, IN 46563

Listing Price: $2,144,000

Cap Rate
7.00%
Tenant Name
Martin's Supermarket
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
48,064
Lease Type
Double Net
Rent Per Square Feet
$3.12

Investment Overview

Marcus & Millichap is pleased to present for sale this Martin’s Super Market in Plymouth, Indiana. The subject property consists of a 50,546 square foot freestanding building situated on a 5.15-acre parcel of land. The roof was recently replaced in October 2021, with an 8-year transferable warranty. The tenant recently elected to extend their lease early for an additional 3-years, securing the location for 6+ years of initial term with two 5-year options which renew automatically. There are no other supermarkets within 3-miles of this location. The main competition is a Kroger and Aldi’s on the opposite side of town. Martin’s Super Market is a regional grocery chain owned by Spartan Nash (NASDAQ: SPTN). SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life through customerfocused innovation. Its core businesses include distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores, and U.S. military commissaries and exchanges; as well as operating a premier fresh produce distribution network and the Our Family® private label brand. SpartanNash serves customer locations in all 50 states and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar and Djibouti. The company owns 145 supermarkets —primarily under the banners of Family Fare, Martin’s Super Markets, D&W Fresh Market, VG’s Grocery and Dan’s Supermarket— and shares its operational insights to drive solutions for SpartanNash food retail customers. Committed to fostering a People First culture, the SpartanNash family of Associates is 19,000 strong and growing. For more information, visit spartannash.com.

Investment Highlights

  • Corporate Guarantee from Spartan Nash (NASDAQ: SPTN)
  • Long Term Operating History
  • Double Net Lease – Minimal Landlord Responsibilities
  • Starbucks Coffee Inside the Store
  • Two 5-Year Options with Automatic Renewal
  • Grocery is Considered Essential Retail

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Grocery Store

Martins Supermarket Corporate Guarantee

Listing Price: $2,144,000

Cap Rate
7.00%
Tenant Name
Martin's Supermarket
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
48,064
Lease Type
Double Net
Rent Per Square Feet
$3.12

Investment Highlights

  • Corporate Guarantee from Spartan Nash (NASDAQ: SPTN)
  • Long Term Operating History
  • Double Net Lease – Minimal Landlord Responsibilities
  • Starbucks Coffee Inside the Store
  • Two 5-Year Options with Automatic Renewal
  • Grocery is Considered Essential Retail

Investment Overview

Marcus & Millichap is pleased to present for sale this Martin’s Super Market in Plymouth, Indiana. The subject property consists of a 50,546 square foot freestanding building situated on a 5.15-acre parcel of land. The roof was recently replaced in October 2021, with an 8-year transferable warranty. The tenant recently elected to extend their lease early for an additional 3-years, securing the location for 6+ years of initial term with two 5-year options which renew automatically. There are no other supermarkets within 3-miles of this location. The main competition is a Kroger and Aldi’s on the opposite side of town. Martin’s Super Market is a regional grocery chain owned by Spartan Nash (NASDAQ: SPTN). SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life through customerfocused innovation. Its core businesses include distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores, and U.S. military commissaries and exchanges; as well as operating a premier fresh produce distribution network and the Our Family® private label brand. SpartanNash serves customer locations in all 50 states and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar and Djibouti. The company owns 145 supermarkets —primarily under the banners of Family Fare, Martin’s Super Markets, D&W Fresh Market, VG’s Grocery and Dan’s Supermarket— and shares its operational insights to drive solutions for SpartanNash food retail customers. Committed to fostering a People First culture, the SpartanNash family of Associates is 19,000 strong and growing. For more information, visit spartannash.com.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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