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Shopping Strip

Auction - Receivership Sale | 86% Occupied Retail

160 Plainfield Vlg Dr, Plainfield, IN 46168

Starting Bid: $3,000,000

Gross SF
41,652
Rentable SF
41,652
Price/Gross SF
$72.03
Lot Size
5.05 acres
Year Built
2007
Auction Type
Reserve
Auction Start Date
Jun 22, 2026
Auction End Date
Jun 24, 2026

Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2635

Marcus & Millichap in partnership with RI Marketplace, is pleased to present 160 Plainfield Village Drive, a 41,652 SF neighborhood retail center in the high-growth Indianapolis MSA suburb of Plainfield, Indiana. Built in 2007 with a modern EIFS façade and a functional shallow-bay layout, the Class B center is 86% occupied with every tenant operating under NNN leases that deliver 100% recovery of landlord operating expenses. The asset is anchored by Hopebridge Autism Therapy Center — a national medical operator with 115+ locations across 12 states — which occupies 21.8% of GLA under a long-term lease running through 2030, alongside complementary tenants including Ortho Indy, Simply Chic, and six daily-needs small-shop occupiers. Two remaining vacancies totaling 3,800 SF offer near-term NOI growth through small-shop lease-up. The Property fronts US Route 40 with 31,700 vehicles per day, surrounded by Chick-fil-A, Starbucks, Wendy's, Walmart, Tractor Supply, and Target, and sits within one of the Midwest's largest logistics corridors — over 51M SF of highly occupied industrial and distribution space anchoring daytime demand. With durable in-place cash flow, a credit-quality medical anchor, and clear lease-up upside in a fast-growing Indianapolis suburb, the Property offers stabilized retail income with a defined path to NOI growth.

Investment Highlights

  • Auction - June 22-24, 2026 | Starting Bid: $3,000,000
  • 86% Leased — All Tenants on NNN Structures: Full landlord expense recovery delivers passive in-place cash flow with no operating leakage.
  • Hopebridge Anchor — 115+ Centers, 12 States: National medical anchor occupies 21.8% of GLA under a long-term lease running through 2030.
  • 3,800 SF Small-Shop Lease-Up Opportunity: Two vacant suites totaling 3,800 SF offer near-term NOI growth in a high-demand retail corridor.
  • Indianapolis MSA Retail on US-40 Corridor: Fronts US Route 40 with 31,700 vehicles per day in Plainfield's primary retail trade area.
  • 51M SF Logistics Hub Drives Daytime Demand: Surrounded by 51M SF of industrial and distribution facilities feeding daily retail traffic.
  • 41,652 SF Class B Strip Center, Built 2007: Modern EIFS facade with shallow-bay configuration offering flexible suites for daily-needs retail.

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s) IN: RB14040143

    Indiana

Shopping Strip

Auction - Receivership Sale | 86% Occupied Retail

Starting Bid: $3,000,000

Gross SF
41,652
Rentable SF
41,652
Price/Gross SF
$72.03
Lot Size
5.05 acres
Year Built
2007
Auction Type
Reserve
Auction Start Date
Jun 22, 2026
Auction End Date
Jun 24, 2026

Investment Highlights

  • Auction - June 22-24, 2026 | Starting Bid: $3,000,000
  • 86% Leased — All Tenants on NNN Structures: Full landlord expense recovery delivers passive in-place cash flow with no operating leakage.
  • Hopebridge Anchor — 115+ Centers, 12 States: National medical anchor occupies 21.8% of GLA under a long-term lease running through 2030.
  • 3,800 SF Small-Shop Lease-Up Opportunity: Two vacant suites totaling 3,800 SF offer near-term NOI growth in a high-demand retail corridor.
  • Indianapolis MSA Retail on US-40 Corridor: Fronts US Route 40 with 31,700 vehicles per day in Plainfield's primary retail trade area.
  • 51M SF Logistics Hub Drives Daytime Demand: Surrounded by 51M SF of industrial and distribution facilities feeding daily retail traffic.
  • 41,652 SF Class B Strip Center, Built 2007: Modern EIFS facade with shallow-bay configuration offering flexible suites for daily-needs retail.

Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2635 Marcus & Millichap in partnership with RI Marketplace, is pleased to present 160 Plainfield Village Drive, a 41,652 SF neighborhood retail center in the high-growth Indianapolis MSA suburb of Plainfield, Indiana. Built in 2007 with a modern EIFS façade and a functional shallow-bay layout, the Class B center is 86% occupied with every tenant operating under NNN leases that deliver 100% recovery of landlord operating expenses. The asset is anchored by Hopebridge Autism Therapy Center — a national medical operator with 115+ locations across 12 states — which occupies 21.8% of GLA under a long-term lease running through 2030, alongside complementary tenants including Ortho Indy, Simply Chic, and six daily-needs small-shop occupiers. Two remaining vacancies totaling 3,800 SF offer near-term NOI growth through small-shop lease-up. The Property fronts US Route 40 with 31,700 vehicles per day, surrounded by Chick-fil-A, Starbucks, Wendy's, Walmart, Tractor Supply, and Target, and sits within one of the Midwest's largest logistics corridors — over 51M SF of highly occupied industrial and distribution space anchoring daytime demand. With durable in-place cash flow, a credit-quality medical anchor, and clear lease-up upside in a fast-growing Indianapolis suburb, the Property offers stabilized retail income with a defined path to NOI growth.

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s): IN: RB14040143

    Indiana

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