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Knox Mall Shopping Center 1209-1319 S Heaton St 85,406 SF 100% Leased Retail Building Knox, IN 46534 $5,360,000 ($62.76/SF) 7.75% Cap Rate

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Investment Highlights

  • Anchored By Tractor Supply Company, Family Dollar And Five Star Marketplace
  • Surrounded By Various Local, Regional And National Retailers
  • Community-Essential Retail Shopping Center
  • Five Star Marketplace Is The Major Grocery Serving The Regions & Has Been Operating At This Site For 50 Years
  • Anchor Tenants Operate Under Triple-Net Leases
  • Located Along Main Retail Corridor That Experiences Approximately 13,000 Vehicles Per Day

Executive Summary

The Klink Group of Marcus & Millichap is pleased to present for sale Knox Mall Shopping Center, an 85,000-square foot regional retail center located in Knox, Indiana, a county seat community. Knox Mall Shopping Center sits on approximately 7+ acres along South Heaton Street, the main retail corridor in Knox, Indiana. The property is well-positioned as the only shopping center destination in Knox and is located in front of Knox High School, Elementary School and Middle School.
The property is 97% occupied and anchored by Five Star Grocery Marketplace (50+ yrs occupancy), Tractor Supply Company (recent long-term renewal) and Family Dollar alongside additional local retailers and service providers. The anchor tenants occupy their spaces under NNN (triple-net) leases, ensuring predictable cash flow and minimal landlord responsibility for property expenses. The remaining in-line tenants provide additional income stability while serving the everyday needs of Knox residents. Positioned on a prime retail corridor, Knox Mall Shopping Center benefits from high visibility, excellent access, and proximity to complementary commercial activity, making it a dominant shopping destination for the local and regional residents of Starke County.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
85,406 SF
Building Class
B
Year Built
1975
Price
$5,360,000
Price Per SF
$62.76
Cap Rate
7.75%
NOI
$415,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
7.00 AC
Zoning
Commercial - Commercial

Amenities

  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • -
  • -

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

  • Five Star Of Knox
  • Retailer
  • -
  • -
  • -
  • -
  • Administrative and Support Services
  • -
  • -
  • -
  • -

Integrity Trade Services is a staffing and workforce solutions company founded in 2008 and headquartered in Frankfort, Illinois. The firm specializes in providing customized staffing services and employment solutions across multiple industries, including manufacturing, logistics, and skilled trades. Integrity Trade Services operates as a privately held organization and focuses on connecting businesses with qualified talent to meet both short-term and long-term workforce needs. Over the years, the company has expanded its service offerings to include on-site management and tailored workforce programs designed to improve operational efficiency for its clients. Integrity Trade Services leverages industry expertise and technology-driven processes to deliver flexible staffing solutions that align with evolving labor market demands.

  • Magnum Value Properties, LLC
  • Real Estate
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • $6.00
  • Triple Net
  • May 2026

Tractor Supply Company, founded in 1938 in Chicago, Illinois, is a leading U.S. retailer specializing in products for home improvement, agriculture, lawn and garden maintenance, livestock, equine, and pet care. Headquartered in Brentwood, Tennessee, the company operates thousands of stores across 49 states, primarily serving rural and suburban communities. Tractor Supply caters to farmers, ranchers, pet owners, and hobbyists, offering a wide range of products including tools, fencing, animal feed, and outdoor power equipment. The company also owns Petsense by Tractor Supply, a pet specialty retailer, and Allivet, an online pet pharmacy, expanding its footprint in the pet care market. Publicly traded on the Nasdaq under the ticker symbol TSCO, Tractor Supply ranks among the Fortune 500 and continues to grow its omnichannel capabilities to meet evolving customer needs.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - - -
Five Star Of Knox Retailer - - - -
Administrative and Support Services - - - -
Magnum Value Properties, LLC Real Estate - - - -
Retailer - $6.00 Triple Net May 2026

Nearby Major Retailers

1st Source Bank
KeyBank

Property Taxes

Property Taxes

Parcel Number
75-06-27-202-005.400-004
Land Assessment
$399,000
Improvements Assessment
$828,400
Total Assessment
$1,227,400
  • Listing ID: 37652250

  • Date on Market: 9/12/2025

  • Last Updated:

  • Address: 1209-1319 S Heaton St, Knox, IN 46534

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