The Klink Group of Marcus & Millichap is pleased to present for sale a single-tenant, net-leased Visionworks property located at 2141 Sagamore Parkway South in Lafayette, Indiana—one of the city’s most dominant retail corridors. The asset is strategically positioned along Sagamore Parkway, which experiences approximately 30,000 vehicles per day and is surrounded by a dense concentration of national retailers and regional traffic drivers, including Tippecanoe Mall.
The property is leased to Visionworks under a triple-net (NNN) lease structure, providing investors with a passive income stream and minimal landlord responsibilities. The tenant reimburses for common area maintenance (CAM), real estate taxes, and insurance, while the landlord benefits from an additional 15% CAM administrative fee. The lease is corporately guaranteed and currently has over five years of remaining term, offering near-term stability with built-in upside through three, five-year renewal options featuring 10% rental increases in each period.