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Fully Occupied Retail Center For Sale

12479 Adams Rd, Granger, IN

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For Sale

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Fully leased retail center with long-term tenants and annual rent increases.

Type:RETAIL

Property size:

14,422 SF

Lot size:

2.19 Acres

Price / SF:

$194/SF

HighLights

100% occupied shopping center with long term tenancy and annual rent bumps.
True NNN leases on all tenants limits landlord responsibilities.
Anchored by Beef O Brady’s who has been at this site for over 18 years.
Located in an affluent upper middle class community with more than 50,000 residents.
Strong tenant mix of both national and established local tenants with a WALT of 4.00 years.
Located just 15 minutes from the prestigious University of Notre Dame.

We can help!

Listing Contact

Maurycy Filecki

For Sale

Contact for pricing

Fully leased retail center with long-term tenants and annual rent increases.

Type:RETAIL

Property size:

14,422 SF

Lot size:

2.19 Acres

Price / SF:

$194/SF

Added:: Apr 9, 2025
Days on Market:: 432
Last Refresh:: May 20 at 9:27 pm

Property Features for 12479 Adams Rd

General Information

Standard status: Active
Size: 14,422 SF
Lot size: 2.19 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Maurycy Filecki

Listing agent Maurycy Filecki

Listing office Sands Investment Group (SIG) | Chicago

Listing date Apr 9, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Chicago

HighLights

100% occupied shopping center with long term tenancy and annual rent bumps.
True NNN leases on all tenants limits landlord responsibilities.
Anchored by Beef O Brady’s who has been at this site for over 18 years.
Located in an affluent upper middle class community with more than 50,000 residents.
Strong tenant mix of both national and established local tenants with a WALT of 4.00 years.
Located just 15 minutes from the prestigious University of Notre Dame.

Overview

The Bittersweet Terrace Shopping Center, located at 12479 Adams Road in Granger, IN, is a 14,422 square foot retail property offered for sale. The shopping center is 100% occupied with long-term tenants and features annual rent increases. Anchored by Beef O Brady’s, the property has a tenant mix of national and established local tenants. Beef O Brady’s has been at this site for over 18 years and has renewed their lease. All tenants are under true NNN leases. The center features six food and service-oriented tenants on long-term NNN leases with a weighted average lease term of 4.00 years. The center offers fixed annual contractual rent increases across the tenant roster. 76% of the GLA has been successfully occupied by tenants operating at this location for an average of 14 years. The property is located near Martin’s Super Market, Ace Hardware, Walgreens, AutoZone, Advance Auto Parts, McDonald’s, and Taco Bell. It is located 15 minutes from the University of Notre Dame with a total enrollment of over 13,000 students.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$316.7k	$21.96
− Vacancy	−$30.7k	−$2.13
EGI	$286.0k	$19.83
− OpEx	−$85.8k	−$5.95
NOI	$200.2k	$13.88

14,422 SF · lease $21.96/SF/yr · vacancy 9.70% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.86M

$2.50M – $3.34M (±1% cap)

NOI $200,191 @ 7.0% cap · market cap 7.14%

Second Best

—

no second resolved use

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

MICHIANA MUSTANGS Association Or Organization Brakley Mundy Physician Malibu Tanning Tanning Salon The Chief - Creamery of Granger Grocery & Convenience Store Deans Barbecue and Restaurant Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Granger
County: St. Joseph
State: Indiana
Longitude: -86.1107
Latitude: 41.7536

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For sale
Shopping centers
IN
Granger
12479 Adams Rd

What type of property is this?

Shopping center - Fully leased retail center with long-term tenants and annual rent increases.

Where is this shopping center located?

The property is located at 12479 Adams Rd Granger, IN.

What is the asking price?

The asking price for this property is $2,805,000.

What are key features of this property?

This property features: 100% occupied shopping center with long term tenancy and annual rent bumps.; True NNN leases on all tenants limits landlord responsibilities.; Anchored by Beef O Brady’s who has been at this site for over 18 years.