ERSKINE COMMONS

INVESTMENT HIGHLIGHTS

• 100% OCCUPIED – Fully leased 4-tenant shopping center leased to Verizon Wireless (S&P: BBB+), Sweet Frog Frozen Yogurt, Midwest Kosher Deli, and MK’s Barber Shop.
• VALUE-ADD OPPORTUNITY – Erskine Commons is leased below market-rent, providing investors with an opportunity to add significant value to the center by increasing rents to market.
• SHADOW-ANCHOR DRAW – Situated at the primary signalized entrance to Erskine Commons, the property is anchored by Walmart and Lowes. Walmart is a Top 30% most visited store in Indiana.
• SOUTH BEND MSA – South Bend, Indiana is ranked #76 Best Places to Live and is the Second Largest Metro area in the state of Indiana with over 320,000 residents.
• MAJOR RETAIL CORRIDOR – Excellent visibility and exposure along the primary retail corridor where the crossroad features over 34,300 vehicles per day. Erskine Commons is shadow-anchored by Walmart and Lowe’s and features numerous national area tenants including Chick-Fil-A, Chipotle, PNC Bank, Buffalo Wild Wings, Texas Roadhouse and others.
• REGIONAL ACCESS- Located just off the Highway US-31 and US-20 interchange where combined traffic counts exceed 57,500 VPD. US-31 provides access to I-90, which provides access to downtown Chicago, 90 miles to the west.
• OVERSIZED LOT – Features a ±2.1 AC parcel providing future re-development opportunities.
• ECONOMIC HUB – South Bend is home to Notre Dame (12,000+ students), Indiana University-South Bend (4,300+ students), and Ivy Tech Community College (5,000+ students). South Bend is ranked 39th in America’s Best Small Cities. Major Employers include Notre Dame, Beacon Medical Group, and Press Ganey.
• STRONG DEMOGRAPHIC PROFILE – 122,076 residents earning an average income of $79,109 within 5 miles of the center