1451 E Wabash St
Frankfort, IN 46041
Ruler Foods | Frankfort, IN · Retail Property For Sale

Concept: Ruler Foods is a discount food store concept operated by JayC Foods, which has been owned by Kroger since it purchased JayC in 1999. There are currently 40 Ruler Foods locations in six Midwestern states (Indiana, Illinois, Kentucky, Ohio, Missouri, and Tennessee) Investment-Grade Parent Company: Kroger (NYSE: KR; S&P: BBB) is one of the largest retailers in the United States, with 2014 total sales of $1.085 billion across over 3,700 stores in 34 states and the District of Columbia. As of August 15, 2015, Kroger reported TTM revenues of $108.8B and net income of $1.95B. Furthermore, Kroger reported TTM EBITDA of $5.46B and has a net worth of $5.88B Long-Term Absolute NNN Lease: 10 years of primary term to commence at closing with three 5-year renewal options No Landlord responsibilities Excellent Visibility: Positioned with excellent frontage on S Hoke Avenue (Traffic Count: 15,940 VPD) just south of the intersection with E Wabash Street (Traffic Count: 33,546 VPD) which is Frankfort' s primary east-west thoroughfare Outparcel Location: Ruler Foods is an outparcel to the 227,737-square-foot Frankfort Plaza Shopping Center which is anchored by Dollar Tree and Hibbett Sports and also occupied by Regions Bank, Subway, Speedway, and Pizza Hut among others Major Retail Corridor: Other major retailers with a presence in the immediate vicinity include: Walmart Supercenter, Aldi, Applebee' s, RadioShack, Arby' s, AutoZone, Goodyear, CVS Pharmacy, Midas, O' Reilly Auto Parts, Verizon Wireless, McDonald' s, Wendy' s, Taco Bell, KFC, Goodwill, Rent-A-Center, Dairy Queen, and Burger King among others Strategic Location: Ruler Foods is strategically located just 4 miles from Frankfort Industrial Park, which hosts some of the area' s largest employers, including Frito-Lay, Lake Erie Products, and Wabash National Corporation. The site is also less than 2 miles from Downtown Frankfort, the Frankfort Campus of Ivy Tech Community College, and the St. Vincent Frankfort Hospital