1209-1319 S Heaton St - Retail FOR SALE


Knox, IN 46534
$5,360,000 USD
317-218-5316
1209-1319 S Heaton St, Knox, IN for Sale
$5,360,000 USD
Retail - FOR SALE
1/3
null | 7.75% Cap Rate

1209-1319 S Heaton St
Knox, IN 46534


HIGHLIGHTS

  • Anchored By Tractor Supply Company, Family Dollar And Five Star Marketplace
  • Five Star Marketplace Is The Major Grocery Serving The Regions & Has Been Operating At This Site For 50 Years
  • Surrounded By Various Local, Regional And National Retailers
  • Anchor Tenants Operate Under Triple-Net Leases
  • Community-Essential Retail Shopping Center
  • Located Along Main Retail Corridor That Experiences Approximately 13,000 Vehicles Per Day

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to present for sale Knox Mall Shopping Center, an 85,000-square foot regional retail center located in Knox, Indiana, a county seat community. Knox Mall Shopping Center sits on approximately 7+ acres along South Heaton Street, the main retail corridor in Knox, Indiana. The property is well-positioned as the only shopping center destination in Knox and is located in front of Knox High School, Elementary School and Middle School. The property is 97% occupied and anchored by Five Star Grocery Marketplace (50+ yrs occupancy), Tractor Supply Company (recent long-term renewal) and Family Dollar alongside additional local retailers and service providers. The anchor tenants occupy their spaces under NNN (triple-net) leases, ensuring predictable cash flow and minimal landlord responsibility for property expenses. The remaining in-line tenants provide additional income stability while serving the everyday needs of Knox residents. Positioned on a prime retail corridor, Knox Mall Shopping Center benefits from high visibility, excellent access, and proximity to complementary commercial activity, making it a dominant shopping destination for the local and regional residents of Starke County.

FOR SALE DETAILS

PRICE

$5,360,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Knox Mall Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

Commercial

APN/PARCEL ID

75-06-27-202-005.400-004

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.