Crossroads Plaza

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Crossroads Plaza

6110 Broadway
Merrillville, IN

Price: Bidding Starts at $1,250,000 on OCT14th

Cap: 10.00%+

NOI: $704,120

Building Size: 184,721 SF

Lot Size: 20.61 AC

Investment Highlights

CROSSROADS PLAZA

• The subject property is a 184,721 square foot retail center featuring a Grocery (Kroger Credit) Anchor and located less than an hour from Chicago

• Weighted Average Lease Term: 4.12 years

• Average Lease Term of Anchors (54% of GLA): 5.33 Years

• National Brands: Kroger, Family Dollar, Subway, Papa Johns, Rent-A-Center

• Seasoned tenant lineup with recent leasing momentum showing an upward trajectory of performance

• Modest rents offer future upside

HIGH TRAFFIC LOCATION

• The subject property is 20 Acres and positioned near two major interchanges, I-65 & I-80/I-94

• I-65 sees 107,615 vehicles per day

• I-80/I-94 sees 178,344 vehicles per day

• These interchanges are major corridors for commuting to and from Chicagoland

• High Density Location | More Than 123,000 Population in 5-Mile Radius

STRONG ANCHOR TENANTS

• The center is anchored by 3 high performing tenants with an average 5 years lease term remaining

• Ruler Foods (Guaranteed by Kroger), is one of the top-performing grocery stores in Merrillville and faces limited competition with only one other grocer within a 3-mile radius

• The Kroger Co. is the largest supermarket chain by revenue, the second-largest general retailer, and the seventeenth largest company in the United States with over 2,765 locations accumulating $137.9B in revenue during fiscal year 2020 and ranking #24 on the Fortune 500’s largest United States Corporations

• Treasure Hunt Deals is a new anchor tenant who opened 3/8

• Tenant has 7 other locations in the region (Inquire with listing broker regarding sales performance)

• Trader Bucks Flea Market is a regional discount flea market chain with 7 total locations

SEASONED TENANT LINEUP | LEASING MOMENTUM

• The property has a great mix of seasoned tenants bringing in established patrons with new leases executed and bringing new energy to the center

• In the last two years, the seller has executed 11 new leases/renewals

• The average tenant tenure of existing tenants is 18 years, with many tenants (like Rent-A- Center) being here for nearly 30 years

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

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