Multi-Tenant Strip
New
For Sale
$1,150,000
350 N Grandstaff Dr, Auburn, IN 46706
An established retail center combines a substantial anchor tenancy with suites available for lease-up.
Property Size116,000 SF
Price / SF$9.91
Days on Market6
Property Features for 350 N Grandstaff Dr
General Information
Standard status
Active
Size
116,000 SF
Property subtype
Shopping Strip
Occupancy
70%
Net Operating Income
$293,132
Additional Details
Anchor Co-Tenants
Family Farm & Home
Amenities
Auction - November 17-19 | Starting Bid: $1,150,000
Family Farm & Home Anchor Extended to 2033
35,376 SF of Second-Generation Vacancy
NNN Reimbursements Across Most of the Roll
$293K Current NOI, $611K Stabilized at 90%
Separate 1.31-Acre Parcel for Development
Retail Corridor Off State Road 8 and I-69
Building Details
Building Size
116,000 SF
Year Built
1988
Year Renovated
2013
Tenancy
Multi
Listing Agency:
Orange County Office
Listed By:
Mike Banwell · License #License(s): CA: 02045460
(954) 245-3397
Source:
Marcusmillichap
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 3:26AM
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 Orange County Office
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Investment Insights
Based on property information with market context.
This 116,000-square-foot retail center was built in 1988 and renovated in 2013. Occupancy is 69.5%, with 35,376 square feet of vacant space spread across 11 suites. Family Farm & Home occupies 56,000 square feet under a lease extended through January 2033; the agreement includes a scheduled rent increase in 2028 and two five-year renewal options. Other tenants include ISD Renal/DaVita Dialysis, the YMCA of DeKalb County, and Jalapeno's Mexican Grill. The dialysis lease runs through 2031, while several tenants, including the YMCA, occupy on month-to-month terms. Most tenants reimburse CAM, taxes, insurance, and CAM administration.
The property is at N Grandstaff Drive and North Street, just north of State Road 8, which carries 20K VPD. Kroger, Walmart, Harbor Freight, Dollar Tree, and Chipotle are within one mile. A separate 1.31-acre parcel is also part of the offering and is identified for potential future development.
The property is at N Grandstaff Drive and North Street, just north of State Road 8, which carries 20K VPD. Kroger, Walmart, Harbor Freight, Dollar Tree, and Chipotle are within one mile. A separate 1.31-acre parcel is also part of the offering and is identified for potential future development.
Key Highlights
- 116,000‑square‑foot retail center with 69.5% occupancy
- 35,376 square feet of vacancy across 11 suites
- Family Farm & Home occupies 56,000 square feet; lease extends through January 2033
Property Analytics
Current Use
Lease Details
69.5%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
477k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 22%
Superstores 16%
Groceries 10%
Walmart
Superstores
75,748 visits/mo
0.5 miles
McDonald's
Dining
35,389 visits/mo
0.2 miles
Kroger
Groceries
31,310 visits/mo
0.1 miles
Texas Roadhouse
Dining
26,843 visits/mo
0.5 miles
Culver's
Dining
26,216 visits/mo
0.4 miles
Demographics for 46706, IN
19,995
Population
8,336
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
87.9 sq mi
ZIP Area
227
Density / Sq Mi
$76,288
Median Household Income
$43,617
Median Earnings
$829
Median Rent
$194,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - An established retail center combines a substantial anchor tenancy with suites available for lease-up.
Where is this strip mall located?
The property is located at 350 N Grandstaff Dr Auburn, IN.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 116,000‑square‑foot retail center with 69.5% occupancy; 35,376 square feet of vacancy across 11 suites; Family Farm & Home occupies 56,000 square feet; lease extends through January 2033
