Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    865 Jefferson St Plymouth, IN 46563

    For Sale
    $2,143,000

    NNN Leased Grocery Store, 7% Cap Rate

    Property size:
    47,677 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 47,677 square foot, single-story Martin's Super Market situated on a 5.14-acre lot in Plymouth, Indiana. The property boasts a strong 100% occupancy rate under a triple-net (NNN) lease with a corporate guarantee from SpartanNash Company (NASDAQ: SPTN). The lease, commencing March 27, 2000, has approximately 8.4 years remaining, with two 5-year renewal options. The building, constructed in 1989 and renovated in 2021, features a new roof with a transferable warranty. The property offers 240 parking spaces and benefits from high visibility and accessibility on E. Jefferson Street (9,110 vehicles per day), with proximity to US Highways 30 and 31 (combined 33,760 vehicles per day). The location is strategically positioned near Plymouth High School, numerous residential areas, and several national retailers. A key differentiator is the in-store Starbucks, the only one within a 25-mile radius, attracting significant foot traffic (averaging over 10,800 weekly visits). The asking price is $2,143,000, representing a $44.94 per square foot price and a 7.00% cap rate, with a net operating income (NOI) of $150,000. The land value is $9.56 per square foot. This presents a compelling investment with a long-term, stable tenant and significant upside potential.

    Property Features for 865 Jefferson St

    General Information

    Property type
    Individual retail properties
    Square Feet
    47,677 SF
    Lot Size
    223,898 SF

    Building Details

    Year Built/Renovated
    1989/2021
    Buildings
    1
    Stories
    1

    HighLights

    • Corporate‑backed NNN lease guaranteed by SpartanNash (NASDAQ: SPTN).
    • Over 10,800 weekly average store visits.
    • NNN lease with limited landlord responsibilities (roof and structure).
    • New roof (2021) with an 8‑year transferable warranty.
    • Two 5‑year lease renewal options.
    • In‑store Starbucks, the only one within a 25‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Marshall
    State
    Indiana
    Longitude
    -86.29779087
    Latitude
    41.34439127

    Nearby Similar for Sale

    • $439,000
      0.39 Acres

      Mixed-Use Building in Plymouth, Indiana

      Commercial building with offices, garage, apartment, and warehouse space.
      841 E Lincolnway St, Plymouth, IN 46563
      View Details
    • $389,900
      0.15 Acres

      Well-Maintained Office Building in Plymouth

      Formerly a doctor's office, featuring 14 rooms and ample parking.
      504 Colonial Ct, Plymouth, IN 46563
      View Details
    • $988,000
      30,400 SF

      Industrial Buildings with Highway Access

      Three industrial buildings suitable for multi-tenanting or self-storage conversion.
      330 Novelty St, Plymouth, IN 46563
      View Details
    • $510,000

      Food-Grade Production Facility For Sale

      6,000 SF Plymouth facility with food-grade production space.
      2915 Commerce St, Plymouth, IN 46563
      View Details
    • $495,000
      0.86 Acres

      Versatile Mixed-Use Building in Plymouth

      9,840 SF mixed-use building with multiple potential uses.
      309 Gibson St, Plymouth, IN 46563
      View Details
    • $1,750,000
      6.26 Acres

      Plymouth Manufacturing Plant - 6 Acres

      Spacious facility, ideal for investors or owner-occupiers.
      1901 Western Ave, Plymouth, IN 46563
      View Details

    FAQs

    What type of property is this?
    Individual retail property - NNN Leased Grocery Store, 7% Cap Rate
    Where is this individual retail property located?
    The property is located at 865 Jefferson St Plymouth, IN.
    What is the asking price?
    The asking price for this property is $2,143,000.
    What are key features of this property?
    This property features: Corporate-backed NNN lease guaranteed by SpartanNash (NASDAQ: SPTN).; Over 10,800 weekly average store visits.; NNN lease with limited landlord responsibilities (roof and structure).
    Request Owner's contact information
    865 Jefferson St Plymouth, IN 46563
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    865 Jefferson St
    Plymouth, IN 46563
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    865 Jefferson St Plymouth, IN 46563
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.