1101 N Indiana Ave
Syracuse, IN 46567

CBRE is pleased to offer this Shopko located at 1101 N. Indiana Avenue in Syracuse, Indiana. The structure is 46,127 square feet and is situated on 173,804 square feet of land. The building was remodeled in early 2012 when Pamida and Shopko merged. The subject property is located on Indiana Avenue between North Huntington Street and East 1400 N. The subject property is just 10 walking minutes from Syracuse Lake and Uptown Syracuse which includes historic and distinct architectural brick buildings comprised of retail stores, restaurants and a movie theatre. The Maxwelson Golf Course is located approximately one mile from the subject property. This absolute-net investment grade commercial real estate asset is being offered at a 7.25% cap rate. The current term of the lease shall expire on June 30, 2028. Effective August 1, 2023 and continuing thereafter through June 30, 2028, the rent shall increase by 10%. The tenant has 2 five year options to extend the lease. The rent increases by 10% every 5 years in the option periods.