1456 W State Road 2
La Porte, IN 46350
Maple Lane Shopping Center · Retail Property For Sale

For sale is the 100% fee-simple interest in Maple Lane Shopping Center, a nationally-anchored, 113,730 square foot retail asset with tremendous value-add potential. Anchor tenants are Dunham’s (recent 5 year renewal), Planet Fitness (7 years remaining), and Harbor Freight Tools (10 years remaining), and the property is shadow anchored by Rural King, a big box tenant who owns their parcel and draws clientele from the entire county of over 112,000 people. The asset is being offered at an 8% cap rate on in-place NOI only, leaving the vacancies as upside for the investor. The property is 60% occupied and has spaces of 1,400, 11,800, 12,236 and 25,080 square feet (which may also be combined) with no value being placed on them at time of sale. This provides the new owner with something rarely seen – In-place regional anchor tenants with a WALT of 7 years, combined with 34% GLA for future upside. The property is located in La Porte, Indiana, which is the county seat of La Porte County, and features all government offices serving the county’s 112,000 residents in addition to the bulk of the retail serving this population.