Investment Overview

Marcus & Millichap has been retained as exclusive advisor to market for sale Greensburg Plaza, a 20,955-square-foot retail shopping center located in Greensburg, Indiana, a community directly along Interstate 74 equidistant between Indianapolis & Cincinnati and home to one of Honda’s newest US manufacturing plants comprising of 2.5 million square feet with a total capital investment of $1.3 billion. Greensburg Plaza features six retail suites with service-related, internet-resistant tenants with long-term historical occupancy as seventy-eight percent of the shopping center’s tenant base has been operating onsite for over nine years. All of the property’s tenants are on triple-net leases allowing full pass-thru of common area maintenance, property taxes, & insurance costs. There is 3,750 square feet of vacant space ready to be leased at the subject site offering an incoming investor the ability to enhance cash flow & property value through operational lease-up. Greensburg is just 40 miles from Indianapolis, Indiana and Cincinnati, Ohio and serves as the county seat of Decatur County comprising of local government & Decatur County Memorial Hospital. Major employers in the community include Honda, Delta Faucet, Valeo Engine Cooling, KB Specialty Foods & Hitachi Powdered Metals. The subject property offers immediate cash flow through a mostly corporate tenant roster with proven performance at the subject site & previous renewal options being exercised by nearly all of the current tenants. This established retail center with competitive rental rates and an ability to quickly add value through the lease-up of 18% of the shopping center’s total gross leasable area should be appealing to proactive investors seeking both, immediate yield and capital appreciation attributes.