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Year Built 1968
Building Area
Land Area
Number of units 31

Property Description

Jones Lang LaSalle Americas, Inc. (JLL) has been exclusively retained to offer qualified investors the opportunity to acquire Crawfordsville Square – a 273,249 square foot, 94% leased, grocery anchored shopping center located in Crawfordsville, Indiana. The property is anchored by a highly productive Kroger that has seen 5 consecutive years of positive sales growth. Kroger recently invested $1.5 million into the location, adding additional grocery components, enlarging the pharmacy and adding a drive-thru, and updating check-out technology. All tenants at Crawfordsville Square are open and paying rent, multiple tenants have exercised options and new leases are being negotiated at the center despite the global pandemic.

Located on Highway 231, the primary north-south arterial roadway through Crawfordsville, the traffic patterns and positioning of the surrounding residential areas have made Crawfordsville Square the go-to retail destination for the immediate and surrounding markets. As a result of its leading position, the tenants of Crawfordsville Square maintain an average weighted occupancy tenure of over 13 years, validation of both success and sustainability through all economic environments.

Investment Highlights

  • Premier grocery anchor
  • Strong property fundamentals
  • Pandemic-proof tenancy
  • Strong traffic counts
  • Ideal shop space ratio
  • Robust neighborhood demographics
  • Highly desirable outparcel tenants create upside opportunity
  • Attractive income profile & tenant mix provide unmatched cash flow stability
  • The area’s dominant retail center situated within a college town
  • Exceptional traffic generator

Last Updated Date: 17 Sep 2020
Janice Sellis
Janice Sellis
Senior Director, Capital Markets
License details
IL-475133718 WI-80664-94
Amy Sands
Amy Sands
Managing Director, Capital Markets
License details

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Last Updated Date: 17 Sep 2020

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