Shopping Strip

Pleasant Grove Plaza

Listing Price: $900,000

Cap Rate
7.44%
Gross SF
8,342
Rentable SF
8,022
Price/Gross SF
$107.89
Lot Size
1.50 acres
Year Built
2006

Investment Overview

Marcus & Millichap has been hired to exclusively list Pleasant Grove Plaza, a three tenant retail and office strip center. The subject property is 8,342 square feet with 8,022 gross leasable area; and drive through windows located at both end caps; one is in use by Subway. Ideally located in Greenwood, IN, Johnson County (Indianapolis MSA, Ranked #33 in Population). The subject property is located at the intersection of US Highway 37 (New I-69 Extension) at Western Boulevard (39,480 VPD), just 12.2 miles from Indianapolis central business district. Greenwood is one of the fastest growing submarkets in the metro area with +30% growth since 2000 and an average household income of $109,586.

Investment Highlights

  • Ideally Located at the Intersection of US#& (New I-69 Extension) and Westfield Boulevard (39,000 VPD)
  • Three Tenant Strip Center with Upside. Subway Occupies approximately 25% of the GLA with approximately 9 years remaining. Inspire Dance Company, Tenant since 2017; Tenant Installed Dance Flooring
  • Greenwood, IN (Indianapolis MSA) is a Fast Growing Submarket with +30% Growth Since 2000; Average Household Income $109,586

Exclusively Listed By

Financing By

Listing Price: $900,000

Cap Rate
7.44%
Gross SF
8,342
Rentable SF
8,022
Price/Gross SF
$107.89
Lot Size
1.50 acres
Year Built
2006

Investment Highlights

  • Ideally Located at the Intersection of US#& (New I-69 Extension) and Westfield Boulevard (39,000 VPD)
  • Three Tenant Strip Center with Upside. Subway Occupies approximately 25% of the GLA with approximately 9 years remaining. Inspire Dance Company, Tenant since 2017; Tenant Installed Dance Flooring
  • Greenwood, IN (Indianapolis MSA) is a Fast Growing Submarket with +30% Growth Since 2000; Average Household Income $109,586

Investment Overview

Marcus & Millichap has been hired to exclusively list Pleasant Grove Plaza, a three tenant retail and office strip center. The subject property is 8,342 square feet with 8,022 gross leasable area; and drive through windows located at both end caps; one is in use by Subway. Ideally located in Greenwood, IN, Johnson County (Indianapolis MSA, Ranked #33 in Population). The subject property is located at the intersection of US Highway 37 (New I-69 Extension) at Western Boulevard (39,480 VPD), just 12.2 miles from Indianapolis central business district. Greenwood is one of the fastest growing submarkets in the metro area with +30% growth since 2000 and an average household income of $109,586.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower