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Executive Summary

Veritas Realty is pleased to exclusively offer Tri-State Plaza, a 26,450 sf neighborhood shopping center located along the primary retail corridor in Angola, IN. Situated adjacent to Kohl's and surrounded by national retailers including Meijer, Walmart, Menards, TJ Maxx(new), Hobby Lobby, and Aldi, the Property benefits from exceptional regional visibility and serves as a dominant retail destination for area. With a weighted average lease term of approximately 5.3 years, contractual rent growth, and strong expense recoveries, Tri-State Plaza provides investors with stable in-place cash flow while offering meaningful upside through the lease-up of the remaining vacancy and future rental growth.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
26,450 SF
Building Class
C
Year Built
2008
Price
$3,900,000
Price Per SF
$147.45
Cap Rate
7.27%
NOI
$283,565
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
3.97 AC
Zoning
C2 - Commercial
Parking
100 Spaces (3.78 Spaces per 1,000 SF Leased)

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Dollar Tree began with a variety store in Norfolk, Virginia, in the 1950s and later emerged as a dollar-store chain under the Only $1.00 banner in the 1980s. The business changed its name to Dollar Tree Stores in the 1990s, went public soon after, and later expanded further through acquisitions that included Family Dollar. Today, the company operates a wide network of stores across the United States and Canada, and its merchandise spans housewares, cleaning supplies, food and snacks, health and beauty items, toys, gifts, party supplies, stationery, and seasonal décor.

  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Maurices is an American women’s fashion retailer founded in 1931 by E. Maurice Labovitz in Duluth, Minnesota. The company began as a small dress shop and evolved into a specialty retailer focused on affordable, versatile apparel and accessories. Today, Maurices operates as a privately held company under the ownership of OpCapita, which acquired a majority stake in 2019. The brand serves customers primarily in small towns and suburban markets across the United States and Canada, offering inclusive sizing from 0 to 24. Maurices emphasizes casual and workwear styles through both brick-and-mortar stores and its e-commerce platform. Headquartered in Duluth, Minnesota, the company continues to maintain its hometown roots while expanding omnichannel capabilities.

  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Moe's Southwest Grill began in 2000 in Atlanta as a fast-casual restaurant franchise focused on Southwestern-style food. The company serves customizable burritos and bowls, along with quesadillas, nachos, stacks, and free chips and salsa, and it is part of the GoTo Foods platform. Moe's continues to operate a broad U.S. restaurant network and supports franchise growth with menu offerings built around fresh, made-to-order meals.

  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Shoe Carnival is a leading retailer of family footwear, providing the convenience of shopping at any of their store locations, their mobile app or online. They offer a wide selection of both name brand and private label merchandise and combine competitive pricing with a promotional, high-energy environment that encourages customer participation and injects fun and excitement into every shopping experience. Unique features of their store experience include upbeat music, their iconic spin-n-win wheel, and a mic-person who runs real-time promotions. They take great pride in their unique shopping environment, competitive pricing, merchandise selection, low cost structure and advanced information systems.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000
Retailer - $9.99 Lorem Ipsum Jan 0000
Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000
Retailer - $9.99 Lorem Ipsum Jan 0000
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Meijer
Applebee's
Fifth Third Bank

Property Taxes

Property Taxes

Parcel Number
76-06-11-000-040.000-012
Land Assessment
$521,600
Improvements Assessment
$1,557,100
Total Assessment
$2,078,700
  • Listing ID: 41107531

  • Date on Market: 6/30/2026

  • Last Updated:

  • Address: 3308 N Wayne St, Angola, IN 46703

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