ISU Foundation - Barnes & Noble

22 N 5th St Terre Haute, IN United States 47807-2939
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate


Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement


Year Built 2011
Building Area
Land Area

Property Description

JLL is pleased to offer for sale a Barnes & Noble campus, an ISU Foundation located in Terre Haute, Indiana. The property is positioned just one block off of US-41 (3rd St), a primary area thoroughfare with nearly 40,000 VPD, providing access to Interstates and other major state arterial. It provides a direct frontage on Cherry Street, one of two main entryways into the area from the west. Located critically across both tenants, fulfilling key University functions on-site, the property sits directly across the street from the campus and 2 blocks from the center of downtown Terre Haute.

Barnes and Noble enjoys a naturally replenishing student population that will continue to support the tenant as long as the university remains in operation. Strategic and convenient location across from primary residence and lecture halls gives the tenant a unique advantage that will continue to set the subject location apart from competition. Daytime population is approximately 20,000 people within just one mile of subject asset and is bolstered by a student body comprised of over 13,000 undergraduates and graduates.

Investment Highlights

Net leases in place across entire building

Each tenant has occupied since construction in 2011

Nearly 10 years of weighted term remaining on rent roll

Annual increases offer continued yield growth and incremental value

2 million square feet in retail inventory within 2-mile radius

Underlying land value enhanced by student and university-oriented tenancy

Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243

There was an error submitting your request. Please try again, or submit you inquiry here.



Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.