JayC Food Store (Kroger)

• JayC Food Store performs very well with 2023 sales of $26,800,000 ($887 PSF) featuring a healthy Rent/Sales ratio of 0.68% and 2022 sales of $25,511,589 ($844 PSF.)
• JayC food store is performing so well they are hitting their percentage rent.
• JayC food store is paying $6.00 PSF in rent.
• JayC food store is ranked by Placer AI in the 75th percentile amongst JayC food store's in the USA (6/20) and in the 75th percentile amongst JayC food store's in Indiana (6/20.)
• JayC food store's Gas-N-Go fuel station was recently built on a separate parcel and provides additional traffic to the property.
• Kroger Guaranteed Lease.

Highlights

• Strong performing 100% occupied grocery-anchored center.
• Tenant lineup includes: Anytime Fitness, Dollar Tree, Dominos Pizza, Jay C Foods (Kroger), Subway...
• 1 mile from I-65 Interchange @ Hwy 60 and Hwy 311.
• Full Exterior paint completed in spring of 2023 (spent around $40K.)
• The owner recently developed Heritage Square Apartments, a 183 Unit Multifamily apartment complex in 2023 adjacent to the center.

Roof & Parking Lot

• The Parking Lot was completely renovated in Fall of 2023 (spent around $200K.) The roof is said to generally be in good condition.