|
Cornerstone Plaza
Kendallville, IN
|
|
|
Investment Highlights
- Positioned on the Best Retail Corner in Kendallville, IN
- Average Daily Traffic Count Exceeding 27,000 Vehicles
- Located Along Two Main Highways running through Kendallville, U.S. Route 6 and State Road 3
- 96 Percent Occupied, Stable, Asset with Upside Potential
- National, Regional, and Local Tenant Mix
- Leasehold Interest on Long Term Ground Lease- Depreciation Benefits
|
|
|
|
|
|
Cornerstone Plaza is a 63,718 square foot shopping center located along State Road 3 and U.S. Route 6 in Kendallville, IN. The property was originally developed in 1951 and has since been renovated in 1993 with further development. The subject property sits on 5.7 acres of land, and is positioned on one of the best corner lots in Kendallville, IN. Between State Road 3 and U.S. Route 6, Cornerstone Plaza witnesses over 27,000 vehicles passing daily.
The subject property is 96% occupied with a strong national, regional, and local tenant mix. Notable tenants include: CVS, AT&T, Three Rivers Credit Union, Do It Best Hardware, Indiana BMV, Wings Etc, Indiana Physical Therapy, Check Into Cash, H&R Block, and State Farm Insurance. All tenants are on gross lease structures with competitive local rental rates. Other notable retailers in the immediate area include: Kroger, Dollar General, Sprint, Chase Bank, Wendys, McDonalds, Pizza Hut, Walgreens, Arbys, KFC, and Aarons.
|
|
|
|
|
|
|
|
|
|
|
|
|
