Access Medical Center — Sale in Greensburg, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Greensburg, IN 47240
  • Year built: 2003

Photos

Access Medical Center — Sale in Greensburg, IN, photo 1 of 3
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Access Medical Center — Sale in Greensburg, IN, photo 3 of 3

Investment Figures

Cap rate
7.85%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, as exclusive advisor, is pleased to present for sale the Access Medical Center, a two-tenant, net-leased medical/retail building located in Greensburg, Indiana. The Access Medical Center is a 100 percent occupied, two-tenant retail investment opportunity located directly off Interstate 74 along Greensburg’s primary retail corridor, Indiana State Road 3. The property features an 8,320-square-foot building leased to Access Medical Clinic and Kingdon Dugout under net lease structures with annual rental increases and minimal landlord responsibilities, limited primarily to taxes, insurance, and roof/structure. Positioned within a dominant retail trade area surrounded by national retailers including Walmart, Starbucks, Marshalls, and Rural King, the asset benefits from strong visibility, traffic counts of approximately 18,000 vehicles-per-day, and Greensburg’s growing economic base driven by Honda Manufacturing and continued industrial expansion throughout southeast Indiana. Investment Highlights: • Greensburg is the County Seat of Decatur County and Located Directly Off Interstate 74 and Serves as the Retail Hub for Surrounding Area • Located Along Main Retail Corridor (Indiana State Road 3) Which Experiences Approximately 18,000 Vehicles per Day • Tenant Responsibilities Include: Common Area Maintenance, Utilities, Snow and Ice Removal, HVAC Repairs, Maintenance and Replacement and Self-Administer Common Area Maintenance • The Only Landlord Responsibilities are Property Taxes, Insurance and Roof and Structure Repairs, Maintenance and Replacement • Both Tenants Have Annual Rental Increases During the Base Term of Their Leases • Strong Visibility From Indiana State Road 3 and Access Via Hard-Corner, Signalized Intersection

Market Context

This retail in Greensburg, IN is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2003. Compare it against other retail listings for sale in Greensburg, IN — view the full market.

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