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INVESTMENT OPPORTUNITY

  • Prime Location within West Lafayette | Strategically positioned along US Highway 52, a primary retail corridor in West Lafayette, surrounded by major national retailers including Meijer and Menards, and just minutes from the planned $4 billion SK hynix semiconductor facility.
  • 100% Occupied Retail Strip Center | The property features a strong lineup of national and service-oriented tenants across three total buildings.
  • Minimal Landlord Responsibilities | All tenants operate under NNN leases, reimbursing the landlord for property taxes, insurance, and common area maintenance (CAM), allowing for the full recovery of operating expenses.
  • Established Tenant Mix | Tenants have an average tenure of 6.4 years at the center, with a weighted average lease term (WALT) of over 4.1 years remaining.
  • Long-Term Commitment from Dunkin’ | Dunkin’ operates from a standalone drive-thru pad site under an original 20-year lease, with over 14 years of remaining term.
  • Recent Lease Extensions | Four tenants, including Subway, 212 Salon & Spa, Shu Ge Restaurant, and Indy Smoke Time, have recently extended their leases, demonstrating their long-term commitment to the site.
  • High-Trafficked Location | Excellent visibility and access along US Highway 52, which experiences over 20,015 vehicles per day.
  • Minutes from Purdue University | Located just minutes from Purdue University, a major regional economic and demand driver with an enrollment exceeding 57,000 students.
  • Shadow-Anchored by a Meijer and Menards | Positioned near two major retail anchors, Meijer and Menards, which collectively attract over 2.6 million annual visits, according to Placer.ai.
  • Dense Retail Trade Area | Meijer, Menards, Walmart, McDonald’s, Freddy’s, Verizon, AutoZone, 7 Brew Coffee, Starbucks, Take 5 Oil Change, Panda Express, Culvers, etc.

Tenant Price Cap Rate Lease Type Square Feet Status
Locke Plaza $5,750,000 7.00% NNN 23,214 Available

Mark Neelman

SENIOR ASSOCIATE | INVESTMENT SALES
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