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Earl Plaza 400 N Earl Ave 17,400 SF 81% Leased Retail Building Lafayette, IN 47904 $2,516,033 CAD ($144.60 CAD/SF) 8.12% Cap Rate

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INVESTMENT HIGHLIGHTS

New leasing momentum | Two tenants recently renewed leases and two additional tenants signed new leases in 2024 and 2025
82% occupied neighborhood center with add-value opportunities
Ample amount of new construction in the area, including a Raising Cane’s, Wawa, and Dutch Bro’s Coffee

Six out of eight tenants feature annual rental increases | One additional tenant to begin rental increases at their option (Sandy’s Beauty Supply)
Located just off the prime retail corridor of Lafayette
1.8 miles from Lafayette Pavilions, which ranks in the top 5% of shopping centers nationwide by visits and attracts 5.1 million annual visitors

EXECUTIVE SUMMARY

Earl Plaza offers attractive lease terms, with all tenants on net leases, recent renewals featuring strong annual rent increases, and new leasing momentum from four tenants who signed in 2024–2025. Currently 82% occupied, the property presents meaningful add-value potential through a 3,200 SF freestanding vacancy. Below-market rents, combined with several tenants lacking renewal options, create an opportunity to increase rents significantly in the near term. The center is positioned just off Lafayette’s prime retail corridors—Sagamore Pkwy N (23,797 VPD) and South St (25,601 VPD)—and is surrounded by new retail developments and major national tenants. Nearby, Lafayette Pavilions ranks in the top 5% of shopping centers nationwide by visits and attracts 5.1 million annual visitors. The trade area is both dense and expanding, with nearly 74,000 residents and more than 107,000 workers within three miles, and continued population growth projected.

Earl Plaza Costar Brochure

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

17,400 SF

Building Class

Year Built

1977

Price

$2,516,033 CAD

Price Per SF

$144.60 CAD

Cap Rate

8.12%

NOI

$204,356 CAD

Percent Leased

81%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.30

Lot Size

1.35 AC

Opportunity Zone

Yes

Parking

52 Spaces (2.99 Spaces per 1,000 SF Leased)

Frontage

99’ on Cason St

Bus Line

Pylon Sign

Tenant Controlled HVAC

Air Conditioning

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
POSITION
AVAILABLE

400
3,300 SF
Office/Retail
-
Now

Introducing 400 N.? Earl Ave.?, an outlot to a full shopping center, a very versatile property.? This prime space offers flexible lease terms, making it an ideal opportunity for a variety of businesses, from event centers to retail stores and community centers.? Its strategic location enhances its appeal, attracting both foot traffic and drive-by customers.? Whether you're looking to establish a new business or expand an existing one, this property presents an exceptional canvas to build your vision.? Explore the endless potential this property has to offer and make your mark in the heart of Lafayette, IN.?