865 E Jefferson St, Plymouth, IN 46563

The subject property is a recently renovated Martin’s Super Market located in Plymouth, Indiana. The property offers a NNN corporate backed lease guaranteed by SpartanNash Company (NASDAQ: SPTN) with approximately 9 years of term remaining and two 5-year options with automatic renewals. The tenant has over 24 years of operating history at this site. The NNN lease has limited landlord responsibilities, specifically for the roof and structure. A new roof was installed in 2021 with a transferable warranty. There is limited competition within the immediate trade area, and the subject property includes the only Starbucks within a 25-mile radius, located in-store. The site sits on a 5.14-acre lot with visibility and accessibility, featuring 327 feet of frontage on E. Jefferson Street, which experiences 9,110 vehicles per day, and several points of ingress/egress. The site provides access to U.S. Hwy 30 and U.S. Hwy 31 with a combined 33,760 vehicles per day. There are numerous hotels with over 430 rooms combined within a 3-mile radius, and the site is less than 3 miles from Pilgrim Place, a Lowe’s Home Improvement anchored shopping center. Martin’s Super Market is directly adjacent to Plymouth High School, which has approximately 1,157 average annual student enrollment, and is located nearby many dense residential neighborhoods. There are several national retailers within a 1.5-mile radius such as CVS, Walgreens, AutoZone Auto Parts, and Planet Fitness. Martin’s Super Markets includes a Side Door Deli Café and has the only Starbucks within a 25-mile radius located in-store, driving additional traffic. The site has over 13,900 visits on average per week, per Placer.ai. The property size is 47677 square feet.