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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 in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.

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

Maurices began in 1931 when E. Maurice Labovitz opened the first store in Duluth, Minnesota, and the business has since grown into an American women's clothing retail chain. The company focuses on women's apparel and related categories, including jeans, tops, dresses, footwear, jewelry, and accessories, with inclusive sizing from 0 to 24. Maurices serves customers through a wide network of hometown-focused retail locations across the United States and Canada, while also supporting e-commerce and a broader omnichannel shopping experience.

  • 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 began in 1978 in Evansville, Indiana, and grew from a family footwear retailer into a national business serving shoppers through brick-and-mortar and digital channels. The company sells dress, casual, and athletic footwear for men, women, and children, along with accessories, and operates under the Shoe Carnival and Shoe Station banners. In 2026, the business completed a corporate name change to Shoe Station Group while continuing to use both banners across its omnichannel retail platform. Shoe Carnival maintains a broad presence in the family footwear market with a focus on national brand offerings and a shopping model that blends store and online sales.

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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