Pine Island Plaza 5124 Pine Island Ct 20 154 pi² 100% Loué Commerce de détail Immeuble Crown Point, IN 46307 4 045 790 $ CAD (200,74 $ CAD/pi²) 6,76% Taux de capitalisation

Pine Island Plaza is a 100% leased, Family Dollar-anchored retail strip center on the signalized hard corner of US Route 30 and Pine Island Drive, on the Crown Point / Schererville border in Lake County, Indiana. The 2.63-acre site carries 43,000+ vehicles per day (INDOT) and sits midway between the I-65 and US-41 corridors, surrounded by national retail and dense multifamily housing.
The center is anchored by Family Dollar under a corporate lease running through August 2031, with a contractual rent increase to $7,058.34/month effective 9/1/2026 that grows Year 1 income. The balance of the building is leased to a diversified mix of national and local tenants. Seven of the eight leases are NNN, with tenants reimbursing their pro-rata share of taxes, insurance, and CAM, limiting the owner's expense exposure to the gross-leased anchor space. Staggered expirations from 2027 through 2031 provide durable, laddered cash flow.
The property offers 70 parking spaces, a monument sign with electronic message board, and excellent visibility at one of Northwest Indiana's busiest retail intersections.
Offered at $2,900,000 - a 6.76% cap on in-place NOI and 7.03% on Year 1 NOI (reflecting the 9/1/2026 anchor step-up).