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Shopping Strip

Scatterfield Center

3717 S Scatterfield Rd, Anderson, IN 46013

Listing Price: $2,055,000

Cap Rate
7.50%
Gross SF
7,950
Rentable SF
7,950
Price/Gross SF
$258.49
Lot Size
1.95 acres
Year Built
2020

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.

Investment Highlights

  • 100 Percent Occupied Three-Tenant Center
  • Zero Lease Rollover until 2030
  • All Triple Net Leases
  • 2020 Construction | Very Minimal Capital Expenditure Exposure
  • Base Term Rental Increases in 2025 & 2026 | Provides Rent Growth & Hedge Against Inflation
  • 1.3 Miles from Harrah's Hoosier Park Racing & Casino | 54,000-Square-Foot Casino Floor & Full Service Caesars Sportsbook | Indiana's Renowned Horse Racing Tracks with Live Racing Over 160 Days per Year
  • Adjacent to Walgreens & Down the Street from Lowe's | Located just North of Dense Retail Corridor home to Walmart Supercenter, Hobby Lobby, Kohl's, Marshall's, Meijer & Menards
  • Dense Demographics with more than 70,000 Residents within Five Miles

Exclusively Listed By

Shopping Strip

Scatterfield Center

Listing Price: $2,055,000

Cap Rate
7.50%
Gross SF
7,950
Rentable SF
7,950
Price/Gross SF
$258.49
Lot Size
1.95 acres
Year Built
2020

Investment Highlights

  • 100 Percent Occupied Three-Tenant Center
  • Zero Lease Rollover until 2030
  • All Triple Net Leases
  • 2020 Construction | Very Minimal Capital Expenditure Exposure
  • Base Term Rental Increases in 2025 & 2026 | Provides Rent Growth & Hedge Against Inflation
  • 1.3 Miles from Harrah's Hoosier Park Racing & Casino | 54,000-Square-Foot Casino Floor & Full Service Caesars Sportsbook | Indiana's Renowned Horse Racing Tracks with Live Racing Over 160 Days per Year
  • Adjacent to Walgreens & Down the Street from Lowe's | Located just North of Dense Retail Corridor home to Walmart Supercenter, Hobby Lobby, Kohl's, Marshall's, Meijer & Menards
  • Dense Demographics with more than 70,000 Residents within Five Miles

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.

Exclusively Listed By

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