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1209-1319 S Heaton St
Knox, IN 46534
Knox Mall Shopping Center · Retail Property For Sale
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.
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
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
Property Taxes
| Parcel Number | 75-06-27-202-005.400-004 | Improvements Assessment | $857,500 |
| Land Assessment | $440,000 | Total Assessment | $1,297,500 |
Property Taxes
Parcel Number
75-06-27-202-005.400-004
Land Assessment
$440,000
Improvements Assessment
$857,500
Total Assessment
$1,297,500
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