Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale the Indiana Division Office of American Water, a long-term, triple-net leased investment offering located in suburban Indianapolis (Greenwood). American Water (NYSE: AWK) is the largest publicly-traded water & wastewater utility company in the United States and has an investment-grade corporate credit rating through the major rating agencies. The company services more than 1,700 communities nationwide comprised of 14 million people throughout 24 states. Spanning across 5.4 acres with room for future building expansion, the building was constructed in 2017 as a build-to-suit for American Water in the South Park Business Center, a master-planned, mixed-use business park located off Interstate 65 and East Main Street. The property is in a main trade area of Greenwood and within a one-mile radius are various national retailers such as: Sam’s Club, McDonald’s, Circle K, Starbucks, Crew Car Wash, Wendy’s Subway, Camping World and more. Additionally, there is over 7.5M square feet of class-A warehouse and distribution industrial space with tenants such as: Amazon, ULTA Beauty Distributions, Toyota, FedEx, United Natural Foods, Milwaukee Tools and Ryder Logistics. The subject offering provides an incoming investor the opportunity to purchase an income producing real estate investment backed by a best-in-class tenant in a midwestern marketplace witnessing significant economic growth. The offering provides for a long-term and dependable growing income stream with annual base rental escalations and a tenant financially responsible for all common area maintenance, property taxes, and insurance at the site.