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Tuscany Mall Shopping Center

1783 IN-163, Clinton, IN 47842
Available Now
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FOR SALERetail / Strip Centers + Grocery Store + Restaurant
Cap Rate
7.71%
NOI
$240,914
Building Size
20,800SF
Lot Size
3.28Ac
Year Built
2000
Zoning
Commercial
Listing Contacts
Senior Director
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More property details

Occupancy
100%
Tenancy
Multi Tenant
Currently Leased
No
Investment
Stabilized
No of Buildings
1
No of Stories
1
Ownership
Fee Simple

Location

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Tuscany Mall Shopping Center
About the location

Fortis Net Lease is pleased to present Tuscany Shopping Center, a 20,800-square-foot neighborhood retail center strategically positioned within the primary commercial corridor of Clinton. The property features a strong operating history with 100% occupancy and a diversified tenant mix combining national credit retailers with established local businesses. Anchored by investment-grade tenant Dollar Tree and complemented by popular local operators including Los Primos Mexican Restaurant, the center benefits from consistent customer traffic and strong tenant synergy as a Walmart-shadow-anchored asset. Suite sizes ranging from approximately 1,600 to 9,600 square feet provide flexibility for a broad range of retail and service-oriented tenants. The property enjoys excellent visibility at a signalized intersection with combined exposure to more than 17,600 vehicles per day and immediate access to State Road 63, a key regional north-south thoroughfare. The surrounding retail corridor serves as a major shopping destination for Clinton and nearby Fairview Park, supported by national retailers including Walmart, Save A Lot, Tractor Supply Company, O'Reilly Auto Parts, Advance Auto Parts, McDonald's, Taco Bell, and Hardee's. Demographic fundamentals remain solid with a population exceeding 26,000 residents within a 10-mile radius and average household incomes approaching $69,000 within five miles. Offered at a 7.75% cap rate based on current NOI of $240,914, the property presents investors with a stabilized retail asset offering reliable cash flow, minimal landlord responsibilities through existing property management, and future upside potential through lease renewal rent increases.

Documents

FILE
1783 Flyer.pdf
6.60 MB · Listing document
Tuscany Mall Shopping Center
20,800 SF · retail · United States · IN
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