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Fresh Thyme Market 220 S Creasy Ln 28,924 SF 4-Star Retail Building Lafayette, IN 47905 $7,052,000 ($243.81/SF) 8% Cap Rate

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Investment Highlights

Four Midwest Assets: Available Individually or as a Portfolio
Meijer Subsidiary - Midwestern Grocer
Minimal Landlord Responsibilities

Long-Term Leases
3 of 4 Locations Have Upcoming 10% Bump
Below Replacement Cost

Executive Summary

Midwest Fresh Thyme Portfolio is a four-asset, net-leased investment opportunity totaling 115,222 SF with a 5.94-year WALT, available individually or as a portfolio. The properties are leased to a Meijer subsidiary, a leading Midwestern grocer, and feature long-term leases with minimal landlord responsibilities. Three of the four locations have an upcoming 10% rent bump. The assets are located in prime, highly visible locations and are offered below replacement cost.

Fresh Thyme Portfolio Brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Supermarket

Building Size

28,924 SF

Building Class

LoopNet Rating

4 Star

Year Built

2014

Price

$7,052,000

Price Per SF

$243.81

Cap Rate

NOI

$564,183

Tenancy

Single

Building Height

1 Story

Building FAR

0.36

Lot Size

1.84 AC

Zoning

C-1 - Commercial

Parking

80 Spaces (2.77 Spaces per 1,000 SF Leased)

Frontage

253’ on S Creasy Ln

Air Conditioning

Major Tenants

Retailer
-
-
Oct 2029

Fresh Thyme Market began in 2014 as a Midwest grocery chain founded by Chris Sherrell in Mount Prospect, Illinois. The company focuses on natural and organic foods, fresh produce, meat, grocery items, vitamins, body care, and wellness products, with an emphasis on local sourcing when possible. Fresh Thyme Market later shortened the name from Fresh Thyme Farmers Market and has maintained a regional presence across the Midwest through stores and online shopping options. The company also highlights a mission centered on fresh, healthy food and value, supported by pickup and delivery partnerships for digital shopping.