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IGA PORTFOLIO 750 W 2nd St 44,763 SF Retail Building Jasper, IN 47546 $5,007,803 ($111.87/SF) 10.05% Cap Rate
INVESTMENT HIGHLIGHTS
- TWO-PROPERTY GROCERY PORTFOLIO: The offering includes two IGA grocery store properties located in Olney, Illinois and Jasper, Indiana.
- GLOBAL FOOTPRINT: Beyond the U.S., IGA operates more than 6,000 stores across 41 countries, demonstrating international scale and network resilience.
- INSTITUTIONAL-QUALITY OPERATOR: Houchens Food Group is a 100% employee-owned independent retailer and ranks among the largest in the U.S..
- ESTABLISHED BRAND PRESENCE: Founded in 1926, IGA is the world’s largest independent grocery chain, with over 763 locations across 38 U.S. states.
- STRONG FRANCHISEE GUARANTEE: Both properties are operated and guaranteed by Houchens Food Group, offering strong franchisee backing.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
44,763 SF
Building Class
C
Year Built
1990
Price
$5,007,803
Price Per SF
$111.87
Cap Rate
10.05%
NOI
$503,284
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
6.09 AC
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 19-06-35-200-036.000-002 | Improvements Assessment | $1,824,000 |
| Land Assessment | $709,500 | Total Assessment | $2,533,500 |
PROPERTY TAXES
Parcel Number
19-06-35-200-036.000-002
Land Assessment
$709,500
Improvements Assessment
$1,824,000
Total Assessment
$2,533,500
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IGA PORTFOLIO | 750 W 2nd St
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