Indiana Grocery-Anchored Portfolio

Highlights:

• Northwest Indiana’s Leading Hometown Grocer, Backed by Hy-Vee
• Value Grocer Serving Everyday Consumer Needs - Save a Lot
• DeMotte Plaza, anchored by Strack & Van Til (Hy-Vee), is a necessity-based shopping center serving DeMotte and the surrounding communities of Kersey, Stoutsburg, Deer Park, and Forest City, and benefiting from limited grocery competition within the trade area. The property features a dynamic mix of national and local tenants, strong in-place tenancy, and a compelling value-add opportunity through the lease up of the one remaining vacancy, driving NOI growth through stabilization.
• North Ridge Center, anchored by Strack & Van Til (Hy-Vee), is a premier grocery-anchored shopping center serving Hobart and the broader Northwest Indiana market including New Chicago, Lake Station, Portage, and South Haven. The property features a complementary mix of national and local tenants, strong in-place tenancy, and a compelling value-add opportunity through the lease-up of five remaining vacancies, driving projected NOI growth at an 8.8% CAGR over a 10-year period.
• Delphi Marketplace, anchored by Save A Lot, is a necessity-based shopping center serving Delphi and the surrounding communities of Pittsburg, Springboro, Americus, Coburn, Sleeth, and Camden. With the nearest competing national grocers located approximately 15 miles away, the property benefits from limited grocery competition and serves as an important source of everyday essentials for the surrounding trade area. The property is 100% occupied by an ideal mix of national and local tenants with a weighted average lease term of nearly 8 years and an average tenure exceeding 18 years.

Description:

Mid-America Real Estate Corporation has been retained as the exclusive broker for the sale of a three property grocery-anchored portfolio located in Northwest and Central Indiana. The properties all feature grocery anchors and a diverse mix of national and local shop tenants, offering an attractive investment opportunity in growing regions of Indiana.

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