5650 Grape Rd - Storefront FOR SALE
Mishawaka, IN 46545 |
$13,000,000 USD
972-533-2144
5650 Grape Rd
Mishawaka, IN 46545
HIGHLIGHTS
- Lease Structure – The property operates under a double-net lease with minimal landlord responsibilities, supported by a 15-year roof warranty.
- Strong Sporting Goods Tenant – Academy Sports ranks among the nation’s largest sporting goods retailers, serving millions of customers each month.
- The publicly traded company is executing an aggressive growth strategy, with 25 new store openings planned for fiscal year 2025.
- Robust Demographics – There are more than 156k people in a 5-mile radius with an average household income of $82,613.
- Strong Submarket for National Retailers – Nearby tenants perform well above the national average within this submarket.
- Strategic Location – The property is ideally situated in a major retail corridor with neighboring tenants.
FOR SALE DETAILS
PRICE
$13,000,000 USD
PRICE/SF
$60 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Academy Sports + Outdoors
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.53 AC
LAND SF
240,887 SF
ZONING
-
APN/PARCEL ID
71-04-28-451-002.000-005,71-04-28-451-004.000-005
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972-533-2144
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972-533-2144
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