Retail Business for Sale in Lafayette, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lafayette, IN 47905

Description

Marcus & Millichap is pleased to exclusively present for sale the Visionworks property located in Lafayette, Indiana. The subject offering is a single-tenant, net-leased retail asset positioned along Sagamore Parkway, one of Lafayette’s most heavily trafficked retail and commercial corridors, with approximately 30,000 vehicles-per-day. Originally constructed in 2016 as a build-to-suit for Visionworks, the property is situated on 0.48 acres at the signalized-intersection of Sagamore Parkway South and Teal Road. The site benefits from exceptional visibility and access and is directly adjacent to Tippecanoe Mall, a dominant regional indoor mall owned and operated by Simon Property Group. Visionworks recently exercised its first five-year renewal option early, demonstrating strong commitment to the location. The lease features three remaining five-year renewal options, each with 10 percent rental increases, providing investors with long-term income growth and stability. The tenant operates under a triple-net (NNN) lease structure, reimbursing the landlord for common area maintenance, property taxes, and insurance, while the landlord collects a 15 percent CAM administrative fee. This offering represents an ideal opportunity for passive investors seeking high-quality, net-leased real estate in a dense and established retail corridor, anchored by a national tenant with proven site commitment and built-in rental escalations. Investment Highlights: • Operates under a Triple-Net Lease, whereas Tenant Reimburses Landlord for Common Area Maintenance, Property Taxes, and Insurance, and Landlord collects a 15 Percent CAM Admin Fee for Administering. • Adjacent to the Tippecanoe Mall, an Indoor Regional Mall, and Surrounded by Numerous National Retailers. • Major Retailers Close By: BestBuy, Menards, Texas Roadhouse, Planet Fitness, Dunkin, Arby's, Starbucks, McDonald's, Dick's Sporting Goods, Kohl's, Macy's, 7Brew, AT&T, Barnes & Noble, and Many More. • Visionworks Exercised the

Market Context

This retail in Lafayette, IN is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Lafayette, IN — <a href="/search/sale/retail/indiana/lafayette">view the full market</a>.

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