Sellersburg, IN - Heritage Square Shopping Center

Description:

• The retail center is anchored by a top performing Jay C Foods (Kroger Subsidiary | S&P: BBB)
• The store outperforms 98% other stores in its chain and rank among the top tier among all groceries
• Jay C Foods has been operating on site since 1987, and recently executed another 5 years with three 5-year options remaining, demonstrating strong commitment to the site
• Other tenants in the center also features a strong mix with foods and services concept, greatly limiting the impact from e-commerce
• All leases are NNN in nature, significantly reducing the expenses slippage for a future owner
• Parking lot is completely renovated in fall 2023, limiting capital expenditure for a future owner

• The asset strategically located along State Highway 60 with 18,600 vehicles passing by daily
• Considerable 850+ feet of lot frontage along the street
• 1 mile from the on/off ramp to interstate-65, a major thoroughfare serving the city of Sellersburg and connecting it to other cities