- Spring Valley Plaza is a fully occupied, 3-tenant center anchored by Jay C Food Store, a Kroger subsidiary with an S&P credit rating of BBB.
- Jay C Food Store is in its initial lease term, featuring two 5-year options to extend
- Each option includes scheduled rental increases, enhancing income stability.
- The subject Jay C Food Store demonstrates Strong Store Sales (contract broker for more detail) and is expected to reach its percentage rent breakpoint in the near future.
- As the only major grocery store in West Baden, Jay C Food Store enjoys a competitive advantage in a less saturated market.
- Family Dollar, operating under a 10-year lease with five 5-year extension options. The subject Family Dollar is also a Top Performing Family Dollar within 30-mile radius
- Miguel’s Mexican Restaurant, a long-standing tenant with over 20 years on site, recently renewed for an additional 5 years, showcasing its strong commitment to the location.
- All leases are structured as NNN, minimizing expense leakage for future ownership. This makes the property an ideal low-management investment opportunity.
Investment Offering
West Baden Springs, IN - Springs Valley Plaza
8276 Broadway St | West Baden Springs, IN 47469
Description
Location
- Spring Valley Plaza is located along Broadway St./State Highway 56, the main commercial thoroughfare in West Baden.
- This high-traffic retail corridor hosts a variety of national and regional tenants, including CVS Pharmacy, Reilly Auto Parts, and Dollar General.
- The property features a prominent pylon sign along Broadway St., ensuring exceptional visibility.
- This well-positioned asset offers a stable, long-term income opportunity in a prime retail location.
- The subject parcel is 5.14 Acres Large, with less than half of the land being developed, presenting a potential future development/value-add opportunity for a future owner
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215