Listed by Brookwood Capital Advisors - Hamd
$6,674,664
National Powercenter I 82% National I 9 Year WALT
Details
APN CMU
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 88,520
Net Rentable (SqFt) 89,254
Units 13
Cap Rate 8.00%
NOI $533,973
Occupancy 100%
Tenancy Multi
Brand/Tenant Planet Fitness
Lease Type NNN
Lease Term 12
Lease Expiration 02/28/2038
Remaining Term 12
Rent Bumps Yes
Lease Options Yes
Broker Co-Op True
Class A
Year Built 1984
Year Renovated 2025
Buildings 1
Stories 1
Acreage 11.000
Zoning CMU
Parking Spaces 850 spaces
Parking per 1,000 SqFt 9.60
Investment Type Stabilized
Tenant Credit Credit Rated, Franchisee
Lease Commencement 01/01/2022
Occupancy Date 04/30/2026
Ground Lease No
Ceiling Height 16
Ownership Fee Simple
Sale Condition N/A
9 YR WALT I 82% National I Grocery Plaza
Marketing description
- NOI: $533,973.10
- 9 Year WALT I 82% National tenants anchored by Dunhams, Planet Fitness, Harbor Freight with long term leases
- 60,000 VPD Positioned at the high-traffic junction of I-69 and Chicago Street shadow anchored by Walmart and Home Depot
- COMPREHENSIVE PROPERTY UPGRADES The property has undergone a recent modernization, including full build-outs for key tenants like Dunham’s Sports and Planet Fitness. Significant landlord CAPEX funded major improvements, including HVAC upgrades, mechanical work, a new roof over Dunham’s.
- NATIONAL TENANT POWER CENTER I 82% National Tenants I Recent 10 year commitment from Dunham's and a 12 year commitment from Plant Fitness, plus continued commitment from Harbor Freight and a regional grocer as well.
Investment highlights
Positioned at the high-traffic junction of I-69 and Chicago Street (over 60,000 vehicles per day), this 88,520 SF retail power center serves as the premier retail hub in Branch County. The property is anchored by national tenants including Dunham’s Sports, Planet Fitness, Harbor Freight, and a regional grocery store, with 82% of the roster comprised of national brands. A weighted average lease term of 9 years provides stable, long-term income backed by strong tenant commitment. Recent capital improvements include full tenant buildouts, HVAC and mechanical upgrades, new roofing, and extensive site work. The center also benefits from proximity to major retailers like Walmart and Home Depot, driving consistent traffic and visibility.
Listing Contacts
Listed by Brookwood Capital Advisors - Hamd
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$533,973.10
$44,497.76/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
C4 CommercialGeneral CommercialGeneral Business District
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View all 33 uses
View all 33 uses Last updated Mar 4, 2026 For deeper zoning details, reports are available at Zoneomics
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