Market Centre

Market Centre

4024 Elkhart Road, Goshen, IN, USA

Market Centre

Cushman & Wakefield Retail Investment Advisors present Market Centre (the Property), a 252,049 square foot shopping center located in the affluent northern Indiana city of Goshen. Market Centre is anchored by two recently executed leases to Burlington and Ross, and the Property is shadow-anchored by a newly constructed Walmart Supercenter. The offering encompasses four multi-tenant buildings, two single-tenant buildings, and two outparcels for future development.

Burlington and Ross are set to backfill a dark Sam’s Club, and a new owner will inherit both new leases and the responsibility to complete the Burlington/Ross buildout. Both Burlington and Ross executed 10 year leases with contractual rent increases in year 6 and throughout the option periods. More than 93% of the occupied GLA of the shopping center is leased to national/regional tenants, including Jo-Ann Fabrics, Staples, Dollar Tree, Pet Supplies Plus, Panera Bread, Chili’s Bar & Grill, and Kay Jewelers. Jo-Ann Fabrics and Staples have respective lease expirations in 2030 and 2025, and the overall average weighted lease term is 7.18 years. Two newly constructed buildings at Market Centre are included in the sale, a free-standing Kay Jewelers and multi-tenant building anchored by Panera Bread. In addition, there are two architecturally designed potential outlots located in front of Walmart and Burlington/Ross that allow for either multi-tenant or single-tenant buildings with drive-thrus.

Property Summary

Site Area35.8 acres
GLA (SF)252,049 SF
AnchorStaples, JOANN, Ross, Burlington
Occupancy78%

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