FRESH THYME CARMEL

CARMEL, IN

14727 Fresh Thyme Market Drive, Carmel, IN 46033
SQF 28,709 Tenants 1

General Information:

The Fresh Thyme property located in Carmel, Indiana (“The Property”) consists of a 28,709 square foot freestanding retail building on 2.99 acres of land. Fresh Thyme is operating under a 15- year, NNN lease with 9 years and 6 months of lease term remaining. The lease also features attractive rent escalations of 6.67% every 5-years throughout the base and option terms, providing investors with a boost to overall cash flows and a significant hedge against inflation. See Lease Abstracts for full details.

The Property is located in Carmel, IN, a dense, affluent suburb located immediately north of Indianapolis, IN. The Property benefits from being a part of the Indianapolis MSA, which has an estimated population of 2,074,537 and is the fastest-growing metropolitan area in the Midwest. Carmel has been cited as one of the best places to live in America and boasts a highly educated, affluent population that has grown nearly 30% in the last 10 years. Outstanding demographics like this create an ideal environment for an upscale, health grocer like Fresh Thyme Farmers Market. Additionally, the Property is located at an intersection with outstanding access and visibility to over 28,351 VPD.

Fresh Thyme Market is a specialty grocer, featuring healthy and organic value-priced offerings. Fresh Thyme offers a new shopping experience to the Midwest. The first Fresh Thyme location, in Mount Prospect, Illinois, opened in April 2014, and today, there are 70 locations open across Illinois, Iowa, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, and Wisconsin.