Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2636 Marcus & Millichap, in partnership with RealINSIGHT Marketplace, is pleased to present Westgate Plaza, a 66,469 SF grocery-anchored community shopping center in the heart of Indianapolis, Indiana. The Property is 97% occupied and anchored by a long-standing Kroger that occupies 74% of GLA, contributes 60% of gross income, and generates approximately 877,000 annual customer visits, ranking in the top 25% nationally on a visits-per-SF basis. The Kroger fuel outparcel and drive-thru pharmacy enhance customer draw, while a newly signed 7-year lease with Humana CenterWell Senior Primary Care at $16/SF NNN adds a strong medical traffic component. Five long-standing small-shop tenants, including Papa John's and H&R Block, contribute stable, recurring income, and 6 of 7 tenants occupying 94% of GLA are national brands. All tenants are on NNN leases with 91.4% recovery of landlord expenses, delivering operational efficiency and upside through the lease-up of a 1,900 SF vacancy. Strategically located 0.8 miles from I-465 along the high-traffic W. Washington Street corridor (20,700 VPD) with 550 feet of frontage and a signalized entrance, the Property sits in a densely populated trade area within an Indianapolis MSA that has grown 13.4% since 2010. Priced well below replacement cost, Westgate Plaza is positioned for durable cash flow and long-term value creation.