Bittersweet Terrace | Granger, IN
Sands Investment Group is Pleased to Exclusively Offer For Sale the 14,422 SF Bittersweet Terrace Shopping Center Asset Located at 12479 Adams Road in Granger, IN. This Deal Includes a 100% Occupied Shopping Center With Long Term Tenancy and Annual Rent Bumps Making For a Stable Investment Opportunity. Anchored By Beef O Brady’s This Property Has a Strong Tenant Mix of Both National and Established Local Tenants.
- Beef O Brady’s Has Just Renewed Their Lease and Has Been at This Site For Over 18 Years, With 140+ Locations This Shows Their Commitment to the Location and Continued Operating Success at the Site
- True NNN Leases on All the Tenants Limits Landlord Responsibilities Making For a Very Hands Off Investment Opportunity
- More Than 50,000 Residents Within a 5-Mile Radius Featuring an Average Household Income in Excess of $135,000, Positioning the Asset in an Affluent Upper Middle Class Community
- The Property is Near Dozens of National Tenants and Nearby Traffic Drivers Including: Martin’s Super Market, Ace Hardware, Walgreens, AutoZone, Advance Auto Parts, McDonald’s, Taco Bell, Among Many Others
- Located Just 15 Minutes From the Prestigious University of Notre Dame Which is Ranked as the 18th Best University in the Nation According to the U.S. News & World Report With a Total Enrollment of Over 13,000 Students
- Fully Occupied Retail Center: The Property Features a 14,422 Square Foot Daily Needs Retail Center That is Fully Leased, Providing Steady Income From Long-Standing Tenancy
- Strong Tenant Mix: The Center Features Six Food and Service-Oriented Tenants on Long-Term NNN Leases With a Weighted Average Lease Term (WALT) of 4.00 Years
- Attractive Rental Growth: The Center Offers Fixed Annual Contractual Rent Increases Across the Tenant Roster, Ensuring Steady Annual Income Growth Throughout the Holding Period
- Proven Tenant Success: 76% of the GLA Has Been Successfully Occupied By Tenants Operating at This Location For an Average of 14 Years, Indicating Strong Performance and Tenant Satisfaction
In Cooperation With Sands Investment Group Indiana, LLC – Lic. #RC52000211 BoR: Andrew Ackerman – Lic. IN #RB20001918
View Similar Investment Opportunities
Read Additional Thought Leadership Content From SIG
