Listed by Veritas Realty
$4,050,000
Tri-State Plaza | Angola, IN
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 26,450
Units 6
Cap Rate 7.00%
NOI $283,565
Occupancy 95.5%
Tenancy Multi
Price per SqFt $153
Year Built 2008
Acreage 3.970
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Retail | 7.00% CAP | 26,450 SqFt
Marketing description
Veritas Realty is pleased to exclusively offer Tri-State Plaza, a 26,450 sf neighborhood shopping center located along the primary retail corridor in Angola, IN. Situated adjacent to Kohl's and surrounded by national retailers including Meijer, Walmart, Menards, TJ Maxx (new), Hobby Lobby, and Aldi, the Property benefits from exceptional regional visibility and serves as a dominant retail destination for area.
With a weighted average lease term of approximately 5.3 years, contractual rent growth, and strong expense recoveries, Tri-State Plaza provides investors with stable in-place cash flow while offering meaningful upside through the lease-up of the remaining vacancy and future rental growth.
Listing Contacts
Listed by Veritas Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$283,565.00
$23,630.42/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
C2 CommercialGeneral CommercialMedium To Large General Commercial
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View all 261 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
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