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Bittersweet Terrace - Granger, IN 12479 Adams Rd

14,422 SF 100% Leased Retail Building Granger, IN 46530 $2,882,000 ($200/SF) 7.52% Cap Rate

Investment Highlights

  • Beef O Brady’s Has Just Renewed Their Lease and Has Been at This Site For Over 18 Years, With 140+ Locations This Shows Their Commitment
  • More Than 50,000 Residents Within a 5-Mile Radius Featuring an Average Household Income in Excess of $135,000
  • Located Just 15 Minutes From the Prestigious University of Notre Dame Which is Ranked as the 18th Best University in the Nation
  • True NNN Leases on All the Tenants Limits Landlord Responsibilities Making For a Very Hands Off Investment Opportunity
  • The Property is Near Dozens of National Tenants and Nearby Traffic Drivers Including: Martin’s Super Market, Ace Hardware, Walgreens, AutoZone
  • Fully Occupied Retail Center: The Property Features a 14,422 Square Foot Daily Needs Retail Center That is Fully Leased

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 14,422 SF Bittersweet Terrace Located at 12479 Adams Road in Granger, IN. This Deal Includes a 100% Occupied Shopping Center With Long Term Tenancy and Annual Rent Bumps Making For a Stable Investment Opportunity. Anchored By Beef O Brady’s This Property Has a Strong Tenant Mix of Both National and Established Local Tenants.

In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,422 SF
Building Class
C
Year Built
2006
Price
$2,882,000
Price Per SF
$200
Cap Rate
7.52%
NOI
$216,649
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
2.34 AC
Zoning
C
Parking
100 Spaces (6.93 Spaces per 1,000 SF Leased)
Frontage
245 FT on Bittersweet Rd

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Beef O Brady's
  • Accommodation and Food Services
  • 4,780 SF
  • $14.00
  • Dec 2031
  • Dean's BBQ
  • Accommodation and Food Services
  • 1,475 SF
  • $15.91
  • Jan 2027
  • Footprints Dance Studio
  • Retailer
  • 2,023 SF
  • $15.80
  • Jul 2025
  • Malibu Tanning
  • Retailer
  • 1,865 SF
  • $20.25
  • Sep 2027
  • Pizza Hut
  • Accommodation and Food Services
  • 1,009 SF
  • $15.35
  • May 2026
  • The Chief Ice Cream / Caffeine and Cream (*Feature
  • Accommodation and Food Services
  • 3,270 SF
  • $13.39
  • Mar 2031
Tenant Industry SF OCCUPIED RENT/SF Lease End
Beef O Brady's Accommodation and Food Services 4,780 SF $14.00 Dec 2031
Dean's BBQ Accommodation and Food Services 1,475 SF $15.91 Jan 2027
Footprints Dance Studio Retailer 2,023 SF $15.80 Jul 2025
Malibu Tanning Retailer 1,865 SF $20.25 Sep 2027
Pizza Hut Accommodation and Food Services 1,009 SF $15.35 May 2026
The Chief Ice Cream / Caffeine and Cream (*Feature Accommodation and Food Services 3,270 SF $13.39 Mar 2031

Nearby Major Retailers

Beef 'O' Brady's
1st Source Bank
Starbucks
Samuel Mancino's Italian Eatery

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 71-05-07-455-003.000-011
  • 71-05-07-451-003.000-011
Land Assessment
$471,500
Improvements Assessment
$780,900
Total Assessment
$1,252,400
  • Listing ID: 34250995

  • Date on Market: 12/19/2024

  • Last Updated:

  • Address: 12479 Adams Rd, Granger, IN 46530

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