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2168-2254 Morthland Dr
Valparaiso, IN 46385
Strack & Van Til (Hy-Vee) Anchored Retail · Retail Property For Sale
Investment Highlights
- Grocery anchored retail center in which 85% of the gross leasable area is leased to Strack & Van Til (Hy-Vee), the dominant grocer in NW Indiana
- Stable rent roll with a weighted average lease term of over 9 years
- Positioned at a signalized intersection on US-30 with visibility to 30,000 vehicles per day
- Strack & Van Til has approximately 11 years of lease term remaining, with a significant rent increase coming in just 3 years
- Optimal grocery anchored tenant mix with all tenants paying well below market rents
- Average household incomes exceed $100,000 annually with strong population growth trends
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
89,952 SF
Building Class
C
Year Built
1978
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.31
Lot Size
6.64 AC
Zoning
C-3
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 64-09-27-226-008.000-004 | Improvements Assessment | $1,570,800 |
| Land Assessment | $1,115,000 | Total Assessment | $2,685,800 |
Property Taxes
Parcel Number
64-09-27-226-008.000-004
Land Assessment
$1,115,000
Improvements Assessment
$1,570,800
Total Assessment
$2,685,800
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