12770 - 12810 SR 23

Granger, Indiana

Outlot of Martin's Super Market Anchored Center

Property Snapshot

  • Building: 9,575 SF
  • Land: 1.43 Acres
  • Year Built: 2005
  • Zoning: C- Commercial
  • Parking: 45 Spaces
  • Signage: Building, Pylon
  • Utilities: Municipal Sewer & Private Well
  • HVAC: Individual Rooftops
  • CAP Rate: 7.5%
  • List Price: $2,067,619
  • Lease Rate: $16.00 PSF NNN

Property Details

80% Occupied, 9.575 SF Retail Center on 1.43 Acres. Tenants include PNC Bank, Select Physical Therapy, Great Clips and Verizon.

Granger Station East was developed on an outlot of the Granger Station Shopping Center, and is shadow-anchored by a 65,000 SF Martin’s Super Market, the dominant grocery chain in northern Indiana. Other retailers in the center include The UPS Store, Ace Hardware, McDonald’s, Inova Federal Credit Union and Lake City Bank. Walgreen’s, CVS, Dollar General, Auto Zone and other national retailers are nearby.

Location

The property is located in the heart of Granger on the dynamically growing SR 23 corridor. Situated at a fully signalized intersection. Martin’s Super Market, Ace Hardware, McDonald’s PNC Bank, Walgreen’s, CVS and others are directly across the street or in the immediate vicinity. SR 23 is a major arterial for the Granger community as well as the communities of Edwardsburg and Cassopolis in southwestern Michigan. Traffic counts are approximately 20,552 cars per day.

For More Information Please Contact

Tim Mehall
Vice President, Retail Services, Principal
574.485.1516
tmehall@cressy.com

George Cressy, CCIM
Chief Executive Officer
574.485.1515
gcressy@cressy.com