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311 Sagamore Parkway N.
BANKRUPTCY SALE: HIGH-TRAFFIC RETAIL CENTER
Overview
Retail shopping center in Lafayette's primary retail corridor at the signalized intersection of Sagamore Parkway and South Street. Anchored by Dollar Tree and Bealls with stable income from a diversified tenant mix. Shadow anchored by Home Depot with proximity to Target, Lowe's, Walmart, and Meijer. Located within ¼ mile of Caterpillar and minutes from Purdue University (34,920 students, 15,000+ employees). Significant value-add opportunity with 37,814 SF of vacant space ready for lease-up.
AUCTION DATE: February 19th, 2026, 2:30 PM
Investment Highlights
Parking Ratio
9.28%
Land
19.45 Acres
Square Feet
100,000
- Investment-Grade Anchor – Dollar Tree lease through 2036, representing 15% of total revenue
- Income Stability – 6.5-year weighted average lease term with well-staggered expirations; no tenant exceeds 23% of revenue
- Value-Add Upside – 37,814 SF vacant for lease-up to capture additional NOI growth
- Prime Location – Corner signalized intersection with two pylon signs and multiple access points from Sagamore Parkway and South Street
- Strong Traffic Drivers – Shadow anchored by Home Depot; surrounded by national retailers driving substantial foot traffic
- Major Employment Hub – Caterpillar (1,350), Purdue University (15,000+ employees, 34,920 students) provide robust customer base
- Excellent Visibility – High traffic counts, ample parking (914 spaces), superior lighting, I-65 proximity
- Bankruptcy Sale – Compelling acquisition opportunity in established retail hub
Photo Gallery
311 Sagamore Pkwy NLafayette, IN 47904
Sales Team
Listing provided by LightBox Revere