Matthews Logo

Navigation Menu

750 W 2nd St, Jasper, IN, 47546

IGA Portfolio
$5,007,803

Key Information

Cap Rate
10.05%
Type
Retail
NOI
$503,780

Highlights

  • Two-Property Grocery Portfolio: The offering includes two IGA grocery store properties located in Olney, Illinois and Jasper, Indiana, providing geographic diversification across established secondary markets.
  • Established Brand Presence: Founded in 1926, IGA is the world’s largest independent grocery chain, with over 763 locations across 38 U.S. states, reinforcing brand recognition and consumer trust.
  • Global Footprint: Beyond the U.S., IGA operates more than 6,000 stores across 41 countries, demonstrating international scale and network resilience.
  • Strong Franchisee Guarantee: Both properties are operated and guaranteed by Houchens Food Group, offering strong franchisee backing.
  • Institutional-Quality Operator: Houchens Food Group is a 100% employee-owned independent retailer and ranks among the largest in the U.S., with a portfolio of 400 stores across 15 states.
  • Diversified Brand Portfolio: Houchens operates a diverse array of retail and foodservice brands, including Save A Lot, IGA, Priceless IGA, Food Giant, Sonic, Slim Chickens, and Subway, underscoring operational expertise across multiple segments.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203