220 South Creasy Lane, Lafayette, IN 47905 For Sale

CBRE's Net Lease Property Group—Midwest is pleased to present qualified individuals with the opportunity to acquire 100% fee interest in a freestanding Fresh Thyme in Lafayette, IN (the "Property"). The original fifteen-year lease has over three years of term remaining, with a 6% rental increase in the first renewal option and 5% rental increases in the remaining three 5-year options. The Lease is guaranteed by Lakes Venture LLC, the entity for all Fresh Thymes and a direct subsidiary of Meijer.

Fresh Thyme is a freestanding outparcel to Lafayette Pavilions Shopping Center, a 348,000-square-foot shopping center. Other tenants within the center include Hobby Lobby, Burlington, Marshalls, T.J. Maxx, Ulta Beauty, Dollar Tree, Lane Bryant, and Five Below, among others. The center is located at the southwest corner of South Street and Creasy Lane, which combine for approximately 54,000 vehicles per day. The site is also only one mile west of Interstate 65, the major freeway serving the area with traffic counts exceeding 60,000 vehicles per day near the site. West Lafayette is home to Purdue University, the second-largest university in Indiana and the largest employer.

Fresh Thyme Farmers Market is a full-service, natural and specialty grocer offering a farmer's market concept with nutritious options at an affordable price and the convenience of a neighborhood store. Fresh Thyme's extensive produce department offers organic and local fruits and vegetables. Other products throughout the store include natural meat raised without hormones, seafood, hearty breads, delicious treats from local artisan bakeries, barrels of natural and organic bulk foods, earth-friendly cleaning supplies, and gluten-free and dairy-free options among many others. The company was founded in 2012 and has had substantial growth throughout the Midwest with approximately 70 stores across 10 states.