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IGA PORTFOLIO 750 W 2nd St 44,763 SF Retail Building Jasper, IN 47546 $6,990,493 CAD ($156.17 CAD/SF) 10.05% Cap Rate
INVESTMENT HIGHLIGHTS
- TWO-PROPERTY GROCERY PORTFOLIO: The offering includes two IGA grocery store properties located in Olney, Illinois and Jasper, Indiana.
- GLOBAL FOOTPRINT: Beyond the U.S., IGA operates more than 6,000 stores across 41 countries, demonstrating international scale and network resilience.
- INSTITUTIONAL-QUALITY OPERATOR: Houchens Food Group is a 100% employee-owned independent retailer and ranks among the largest in the U.S..
- ESTABLISHED BRAND PRESENCE: Founded in 1926, IGA is the world’s largest independent grocery chain, with over 763 locations across 38 U.S. states.
- STRONG FRANCHISEE GUARANTEE: Both properties are operated and guaranteed by Houchens Food Group, offering strong franchisee backing.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
44,763 SF
Building Class
C
Year Built
1990
Price
$6,990,493 CAD
Price Per SF
$156.17 CAD
Cap Rate
10.05%
NOI
$702,544 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
6.09 AC
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 19-06-35-200-036.000-002 | Improvements Assessment | $2,558,306 CAD |
| Land Assessment | $995,131 CAD | Total Assessment | $3,553,436 CAD |
PROPERTY TAXES
Parcel Number
19-06-35-200-036.000-002
Land Assessment
$995,131 CAD
Improvements Assessment
$2,558,306 CAD
Total Assessment
$3,553,436 CAD
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IGA PORTFOLIO | 750 W 2nd St
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