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Off Market
1/8

3101 Northview Dr
Elkhart, IN 46514


HIGHLIGHTS

  • Corporate Lease With Below Market Rents
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Attractively Located At Hard Corner In Dense Retail Corridor
  • Attractive Demographics

OVERVIEW

The subject property is located near the signalized, hard corner intersection of Interstate 80 and State Highway 19 (combined 49,800 VPD). The site is well positioned within a dense retail corridor with nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, Menards, ALDI, CVS, Walgreens, and more, which increases consumer traffic and promotes crossover shopping to the trade area. In addition, the site is just 1.2 miles north of Shoppers On Six which is anchored by PetSmart, Ross Dress For Less, Five Below, and Shoe Carnival, further increasing consumer draw and promoting crossover store exposure. The asset is also in close proximity to Elkhart Municipal Airport, most recently reporting more than 34,000 aircraft operations in 2018. The 5-mile trade area is supported by a population of over 77,500 residents and 52,100 employees. The 1-mile population boasts an average household income of nearly $77,000.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Big R | Corp Abs NNN | Below Market Rents

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

86581

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

347

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

20-02-20-176-009.000-027,20-02-20-251-039.000-027,20-02-20-251-040.000-027,20-02-20-401-007.000-027