1540 S Washington St, Crawfordsville, IN 47933

This 6,500 square foot retail strip center is anchored by Jimmy John's and AT&T and located in Crawfordsville, Indiana. The property is 100% occupied with three tenants and offers a strong 8.00% cap rate. Triple net leases cover 85% of the GLA, minimizing landlord responsibilities while presenting upside opportunity in converting the remaining 15% to triple net. The property benefits from 9.33% rent growth potential scheduled for 2027, with AT&T and Xing Li having base term increases and Jimmy John's having an increase pending renewal.

The property is strategically positioned along U.S. 231, a major highway running 921 miles from Indiana to Florida. It sits in a dense retail corridor shadowed by Crawfordsville Square, home to major national retailers including Kroger, Rent-a-Center, Applebee's, McDonald's, Starbucks, Burger King, Domino's, and Arby's. The center is adjacent to AMC Theatre and Goodwill, with Walmart, Home Depot, Runnings, Culver's, Buffalo Wild Wings, and Aldi all located down the street.

The property shows minimal near-term lease rollover risk, with 87% of the GLA leased until at least 2029 and zero rollover until at least 2028. The location is 49 miles outside Indianapolis and 29 miles from West Lafayette, home to Purdue University with an enrollment of over 58,000 students.