Property profile

760 Broadway St Peru, IN 46970

OFF-MARKET
Specialty properties
100,677 SF
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Property summary

AI-generated overview

This exceptional retail property, North Broadway Shopping Center, boasts 100,677 square feet of versatile space in Peru, Indiana. Currently, three spaces are available, ranging from 2,661 to 15,660 square feet, ideal for a variety of retail, restaurant, or special purpose tenants. The center is strategically located on North Broadway Street, less than two miles east of US 31, a major four-lane highway connecting Indianapolis to South Bend, Kalamazoo, and Grand Rapids. Its established location benefits from proximity to numerous national retailers along this north-south state highway. Furthermore, the center is conveniently situated less than half a mile from the Hoosier Heartland Corridor, a new four-lane highway linking West Lafayette to Fort Wayne. The property features a convenient parking lot with center turn lanes. Attractive incentives are available for new tenants, including free rent concessions, a substantial tenant improvement allowance, and flexible lease terms. The property is under new management, signifying a commitment to tenant satisfaction and property enhancement. This presents a unique opportunity to establish or expand your business in a thriving retail area with excellent highway accessibility and generous lease terms.

Property profile

Verified
Property type Specialty properties
Total area 100,677 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

760 Broadway St Peru, IN 46970
Peru metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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