Investment Overview

Marcus & Millichap is pleased to present the Scatterfield Center located in Anderson, Indiana. The 7,950-square-foot building is positioned on about 1.9 acres with excellent visibility along South Scatterfield Road. Lowe’s Home Improvement is just north of the property, and Walgreens sits across the street. There is also a dense retail corridor just south of the center, along Scatterfield Road, home to retailers like Walmart, Meijer, Menards, Kohl’s, Hobby Lobby and more. Harrah’s Hoosier Park Racing & Casino is located about one mile from the center, and is a major economic and traffic driver to this area, and Anderson as a whole. Harrah’s Hoosier Park is home to a 54,000-square-foot casino floor and full service Caesars Sportsbook, in addition to one of Indiana’s most renowned horse racing tracks with live races 160 days out of the year. Scatterfield Center is offered at full occupancy, with all triple net leases. All three tenants signed new ten year leases in 2020 upon the completion of construction, leaving zero lease rollover risk until 2030. There are base term rental increases in 2025 and 2026, which provide rent growth for the future landlord as well as a hedge against inflation.