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671 Third AveJasper, IN 47546
Jasper Plaza
Asset ClassRetail
100% Occupied, Medically Anchored Neighborhood Center Offering
overview of deal

Overview

Cushman & Wakefield’s Retail Advisory Group is pleased to present Jasper Plaza, a 38,812 SF, 100% leased neighborhood retail center in Jasper, Indiana. Anchored by DaVita Dialysis and Dollar General, the center features a strong mix of healthcare and service-oriented tenants, providing durable, internet-resistant cash flow and zero vacancy exposure.

 

Approximately 65% of GLA is leased to healthcare users, with tenants averaging 8.9 years of tenure. The rent roll benefits from contractual rent increases, generating a projected 3.3% 10-year NOI CAGR on $337,912 Year 1 NOI, with a 4.0-year WALT.

 

Located in the commercial and healthcare hub of Dubois County, Jasper is home to major employers including Jasper Engines & Transmissions, Kimball Electronics, MasterBrand Cabinets, and Deaconess Memorial Medical Center. The property serves a 10-mile trade area of 36,381 residents with $91,770 average household income, offering investors stable, medically anchored cash flow and long-term growth potential.

Investment Highlights

Rentable SF
38,812
Land
5.33 Acres
Occupancy
100%
Weighted Average Lease Term
4 Years
Cap Rate
8.5%
Deal Size
$3.98 M
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671 Third AveJasper, IN 47546

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