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Town & Country Shopping Center 822 W McKinley Ave 382,139 SF 88% Leased Retail Building Mishawaka, IN 46545 $19,532,800 CAD ($51.11 CAD/SF) 9.12% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime Location - Situated in Mishawaka, Indiana, within the South Bend MSA, one of the area’s most active and rapidly growing retail corridors.
- Strong Anchor Tenancy - Anchored by Kroger and Kroger Fuel Center, providing consistent daily traffic and serving as a primary retail destination
- Value-Add Opportunity - Approximately 80% occupancy with potential upside through lease-up of remaining vacancies and development of a fully improved
- Large-Scale Retail Asset - ±380,000 SF shopping center offering a diverse tenant mix of national, regional, and local operators.
- Attractive Pricing - Offered at $36.64 per SF presenting a basis well below replacement cost.
- Tenant Roster - Features a dynamic mix of national brands such as Popeyes, Arby’s, Chuck E. Cheese, Subway, and Firestone
EXECUTIVE SUMMARY
Prime Location - Situated in Mishawaka, Indiana, within the South Bend MSA, one of the area’s most active and rapidly growing retail corridors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
382,139 SF
Building Class
B
Year Built/Renovated
1960/1987
Price
$19,532,800 CAD
Price Per SF
$51.11 CAD
Cap Rate
9.12%
NOI
$1,782,136 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
30.53 AC
Zoning
C - Commercial
Parking
1,829 Spaces (4.79 Spaces per 1,000 SF Leased)
Frontage
1,233’ on West McKinley Avenue
AMENITIES
- Bus Line
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 10
- 5,914 SF
- Retail
- -
- Now
- 12
- 6,200 SF
- Retail
- In-Line
- 30 Days
- 18A, 18B, 19
- 2,793 SF
- Retail
- -
- Now
- 25C
- 740 SF
- Retail
- -
- Now
- 29B
- 34,842 SF
- Retail
- In-Line
- 30 Days
- 29C
- 24,878 SF
- Flex
- -
- 30 Days
- 29D
- 6,000 SF
- Flex
- -
- 30 Days
- 40
- 28,375 SF
- Retail
- End Cap
- Now
- 50
- 6,175 SF
- Retail
- Outparcel
- 30 Days
- 6
- 2,653 SF
- Retail
- In-Line
- Now
- 9
- 3,639 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 10 | 5,914 SF | Retail | - | Now |
| 12 | 6,200 SF | Retail | In-Line | 30 Days |
| 18A, 18B, 19 | 2,793 SF | Retail | - | Now |
| 25C | 740 SF | Retail | - | Now |
| 29B | 34,842 SF | Retail | In-Line | 30 Days |
| 29C | 24,878 SF | Flex | - | 30 Days |
| 29D | 6,000 SF | Flex | - | 30 Days |
| 40 | 28,375 SF | Retail | End Cap | Now |
| 50 | 6,175 SF | Retail | Outparcel | 30 Days |
| 6 | 2,653 SF | Retail | In-Line | Now |
| 9 | 3,639 SF | Retail | In-Line | Now |
10
| Size |
| 5,914 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
12
| Size |
| 6,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
18A, 18B, 19
| Size |
| 2,793 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
25C
| Size |
| 740 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
29B
| Size |
| 34,842 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
29C
| Size |
| 24,878 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| 30 Days |
29D
| Size |
| 6,000 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| 30 Days |
40
| Size |
| 28,375 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
50
| Size |
| 6,175 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| 30 Days |
6
| Size |
| 2,653 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
9
| Size |
| 3,639 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 71-09-04-351-001.000-023 | Improvements Assessment | $12,287,411 CAD |
| Land Assessment | $8,025,627 CAD | Total Assessment | $20,313,038 CAD |
PROPERTY TAXES
Parcel Number
71-09-04-351-001.000-023
Land Assessment
$8,025,627 CAD
Improvements Assessment
$12,287,411 CAD
Total Assessment
$20,313,038 CAD
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Town & Country Shopping Center | 822 W McKinley Ave
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