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Bittersweet Terrace - Granger, IN 12479 Adams Rd 14,422 SF 100% Leased Retail Building Granger, IN 46530 $3,913,536 CAD ($271.36 CAD/SF) 7.80% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Anchor Tenant Commitment: Beef ‘O’ Brady’s Has Renewed Their Lease and Has Operated at This Location for Over 18 Years
  • Affluent Demographics: Over 50,000 Residents Within a 5-Mile Radius Boast an Average Household Income in Excess of $135,000
  • Proximity to Major University: Located Just 15 Minutes From the University of Notre Dame—Ranked the 18th Best University in the U.S. by U.S. News
  • Hands-Off Investment: All Tenants Operate Under True NNN Leases, Requiring No Landlord Responsibilities
  • Prime Retail Corridor: The Property is Positioned Near Numerous National Brands and Daily Needs Retailers, Including Martin’s Super Market Etc.
  • Fully Occupied Retail Center: The Property Comprises a 14,422 SF Daily- Needs Retail Center That is 100% Leased, Generating Stable Cash Flow

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
$3,913,536 CAD
Price Per SF
$271.36 CAD
Cap Rate
7.80%
NOI
$305,200 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
2.34 AC
Zoning
Commecial (County)
Parking
100 Spaces (6.93 Spaces per 1,000 SF Leased)
Frontage
245’ on Bittersweet Rd

AMENITIES

  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • -
  • Dec 2029

Beef 'O' Brady's is a privately held American restaurant franchise founded in 1985 by Jim Mellody in Brandon, Florida. Headquartered in Tampa, Florida, the company operates as a family-oriented sports pub concept, emphasizing casual dining and community engagement. The brand began franchising in 1998 and has since expanded across multiple states, primarily in the Southeast. Beef 'O' Brady's is owned by FSC Franchise Co., a portfolio company of CapitalSpring, which also manages other restaurant brands. The company focuses on a menu featuring wings, burgers, sandwiches, and other pub-style fare, complemented by sports viewing in a family-friendly environment.

  • Deans Barbecue And Restaurant
  • Accommodation and Food Services
  • -
  • -
  • -
  • Jan 2027
  • Foot Prints Dance studio
  • Services
  • -
  • -
  • Triple Net
  • Jul 2026
  • Malibu Tan
  • Services
  • -
  • -
  • -
  • Sep 2027
  • Accommodation and Food Services
  • -
  • -
  • -
  • May 2026

There’s nothing cookie-cutter about Pizza Hut. Not their pizzas. Not their people. And definitely not the way they live life. Around here, they don’t settle for anything less than food they are proud to serve. And they don’t just clock in. Not when they can also become their best, make friends, and have fun while they're at it. They're the pizza company that lives life unboxed. They are not for people who want to blend in: pushing boundaries is part of their heritage. They have thousands of restaurants and many team members in multiple countries. Whether it’s the original Stuffed Crust or putting a pizza in outer space, they never stop driving themselves to deliver hot pizzas, fast every time – anywhere one wants to enjoy it. At Pizza Hut, they don’t just make pizza. They make people happy. Pizza Hut was built on the belief that pizza night should be special, and they carry that belief into everything they do.

  • The Chief Ice Cream
  • Accommodation and Food Services
  • -
  • -
  • -
  • Mar 2031
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - - - Dec 2029
Deans Barbecue And Restaurant Accommodation and Food Services - - - Jan 2027
Foot Prints Dance studio Services - - Triple Net Jul 2026
Malibu Tan Services - - - Sep 2027
Accommodation and Food Services - - - May 2026
The Chief Ice Cream Accommodation and Food Services - - - Mar 2031

NEARBY MAJOR RETAILERS

Starbucks
Martin's Super Market
1st Source Bank
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
$662,604 CAD
Improvements Assessment
$1,042,037 CAD
Total Assessment
$1,704,641 CAD
  • Listing ID: 36745951

  • Date on Market: 2025-07-16

  • Last Updated:

  • Address: 12479 Adams Rd, Granger, IN 46530

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