Columbia Square Plaza - Columbia City, Indiana
Columbia Square Plaza is an 119,729 rentable square foot community shopping center anchored by Kroger Supermarket located in Columbia City, Indiana. Columbia City is located in northeast Indiana approximately 20 miles west of Fort Wayne, Indiana. The subject property is located off State Road 9, which is the major north/south thoroughfare in Columbia City and has traffic counts in excess of 16,000 vehicles per day. Retailers in the immediate area include Lake City Bank, Chase Bank, Valero Gas, McDonald’s, and Pizza Hut, to name a few.
Columbia Square Plaza is currently leased with a strong mix of national retailers. The anchor store, Kroger, is the country’s largest grocery store chain with over 2,600 supermarkets throughout the country. In addition to Kroger, other tenants include Family Dollar, Goodwill, Rent-A-Center, Goody’s, and Tires Plus.
Columbia Square Plaza has been the dominant retail center in the market for over 30 years and has a very conservative average rental rate, which ensures high renewal probability of existing tenants.
Kroger is the largest full-service grocery retailer in the United States and Kroger is located in 34 states and the District of Columbia. Headquartered in Cincinnati, Ohio. The Kroger Co. is one of the largest retailers in the United States based on annual sales, holding the #24 ranking on the Fortune 100 list published in June 2014.
Kroger® was founded in 1883 and incorporated in 1902. At the end of the fiscal 2014, Kroger operated (either directly or through its subsidiaries) 2,625 supermarkets, 1,330 of which had fuel centers. The Company operated 37 manufacturing plants.
Goody’s is part of the Stage Stores Brand, which includes Bealls, Goody’s, Palaris Royal, Peebles, and Stage.
With their Corporate Headquarters located in Houston, Texas, They operate approximately 850 stores in 40 states across the U.S. They have an average store size of 18,200 selling square feet and approximately 14,500 employees. In 2013 Stage Stores Brand had sales of $1.6 Billion and opened 29 new stores .
Dollar Tree, a Fortune 500 Company, now operates more than 13,600 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree Canada, Deals, and Family Dollar.
Headquartered in Chesapeake, VA, Dollar Tree is the largest and most successful single price point retailer in North America, operating thousands of store across 48 contiguous United States and five Canadian provinces, supported by a solid and scalable logistics network.
Goodwill works to enhance the dignity and quality of life of the individuals and families by strengthening communities, eliminating barriers to opportunity, and helping people in need reach their full potential through learning and the power of work. In 2014, Goodwill had retail sales of $3.94 billion. In addition, Goodwill employed 89 million and placed 318,000 into employment.
Headquartered in Plano, TX, Rent-A-Center is one of the largest rent-to-own operators in the United States. Rent-A-Center operated approximately 2,946 stores nationwide, Canada, Mexico, and Puerto Rico. Rent-A-Center Franchising International, Inc., a wholly owned subsidiary of the Company, is a franchiser of the 187 rent-to-own stores.
The stores generally offer high quality durable products such as major consumer electronics, appliances, computers, furniture, and accessories under flexible rental purchase agreements that typically allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period.
Tires Plus was launched in 1976 by two Shell Oil colleagues- Tom Gegax and Don Gullett – with three old Shell service stations in the Burnsville, Minnesota area. Their idea was to redefine an industry. Today, with headquarters in Clearwater, Florida, Tires Plus Total Car Care attributes its success to defying the old stereotypes of the automotive industry. Tires Plus has over 5,000 employees in 500 stores across 23 states. Tires Plus Total Car Care is a company in the fast lane.