Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in Coolwood Plaza, a grocery shadow anchored retail center located in Valparaiso, Indiana. With 11 tenants in total, the rent roll is synergistic with a mix of retailers who flourish when paired with a grocery store. There’s an opportunity to mark rents to market as leases roll, since all tenants are paying below market rents, particularly those tenants located on the outparcel building.

Coolwood Plaza has been a grocery anchored center for 40 plus years, and with the recent acquisition of Strack & Van Til by Hy-Vee, the center now has a national “best of breed” grocer driving traffic to this site. Positioned on US Highway 30, at a lighted intersection with an internally illuminated pylon sign, the tenants further benefit from exposure to over 30,000 vehicles per day.