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Investment Highlights

  • 100% occupied, 20,955 SF neighborhood shopping center
  • 100% triple-net (NNN) lease structure
  • Investment-grade healthcare tenant (Moody's Aa2)
  • Six national, regional, and local tenants
  • Lease expirations staggered from 2027–2035
  • Diversified tenant mix including healthcare, banking, fitness, food service, staffing, and personal services

Executive Summary

Greensburg Plaza is a fully leased, 20,955-square-foot neighborhood shopping center strategically positioned along Greensburg's dominant retail corridor. The property is occupied by six complementary national, regional, and local tenants—including Children's Healthcare of Greater Cincinnati, Anytime Fitness, Centra Credit Union, Papa John's, Modern Nails, and Surge Staffing—providing a diversified, necessity-based tenant mix with long-term stability.
All tenants operate under triple-net (NNN) leases, creating a passive ownership structure while minimizing landlord responsibilities. Lease expirations are staggered through 2035, reducing rollover risk and providing future opportunities to capture market rent growth. The tenant roster is further strengthened by Children's Healthcare of Greater Cincinnati, an Aa2 Moody's-rated healthcare provider with contractual annual rent escalations.
Located less than one mile from Interstate 74 between Indianapolis and Cincinnati, Greensburg Plaza serves as a destination retail center within Decatur County's primary commercial corridor. Surrounded by Walmart, ALDI, Rural King, Marshalls, and other national retailers, the property benefits from consistent consumer traffic, a stable employment base anchored by Honda Manufacturing and Decatur County Memorial Hospital, and continued residential and industrial growth throughout the market.

Attachments

Greensburg Plaza

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
20,955 SF
Building Class
B
Year Built/Renovated
1963/2007
Price
$5,043,816 CAD
Price Per SF
$240.70 CAD
Cap Rate
7.64%
NOI
$385,128 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.85 AC
Zoning
B-2 - General Business
Parking
90 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
285’ on N Lincoln St

Amenities

  • Pylon Sign

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • -
  • -

Anytime Fitness began in Minnesota in 2002 as a network of smaller neighbourhood gyms built around convenience, affordability, quality equipment and friendly service. The company operates a franchise system of 24-hour health and fitness clubs, with personal training, fitness consultations and coaching support among its offerings. Anytime Fitness now serves members through a wide international footprint across multiple continents and countries, combining club-based fitness with a broader franchise model.

  • Finance and Insurance
  • 99,999 SF
  • -
  • -
  • -

Centra Credit Union is a member-owned financial cooperative headquartered in Columbus, Indiana. The organization traces its origins to 1940, when eight employees of Cummins Engine Company formed Cummins Employees Federal Credit Union to provide access to savings and affordable credit. Centra provides a range of financial services that include personal banking, consumer and commercial lending, mortgages, investment services, insurance offerings, and digital banking. As a not-for-profit credit union, it operates for the benefit of its members rather than external shareholders. Over its history, Centra has expanded beyond its original employee-based membership to serve communities across multiple states.

  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Cincinnati Children's is a nonprofit, comprehensive pediatric health system. As a leader in research and education, Cincinnati Children’s is consistently ranked as one of America's best children's hospitals by U.S. News & World Report and is one of the top recipients of pediatric research grants from the National Institutes of Health. Cincinnati Children’s mission is to improve child health and transform delivery of care through fully integrated, globally recognized research, education and innovation. For patients from their community, the nation and the world, the care they provide will achieve the best: medical and quality-of-life outcomes, patient and family experience, and value.

  • Modern Nails LLC
  • Services
  • 99,999 SF
  • -
  • -
  • -
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • -
  • -

Papa Johns began in 1984 when founder John Schnatter converted a broom closet into a pizza operation. The company quickly expanded through franchising and now maintains a significant international footprint. The business focuses on pizza delivery and carryout services while emphasizing fresh ingredients. Their product lineup includes various pizza styles, sides, desserts, and beverages. Though originally based in Indiana, the brand developed a global presence through both company-owned and franchised locations. The company's commitment to quality ingredients remains central to its operations.

  • Administrative and Support Services
  • 99,999 SF
  • -
  • -
  • -

Surge Staffing began as a small staffing business and has grown into a national workforce solutions provider with a broad branch network across the United States. The company focuses on staffing, workforce management, and workforce program solutions, and its service lines include temporary staffing, temp-to-hire, direct hire, payroll, and data analytics. Surge Staffing also serves multiple business verticals, including automotive, manufacturing, engineering, logistics, packaging, hospitality, professional services, technology, and life science. The company was established in the late 1990s and has maintained a long operating history in recruiting and staffing as a workforce services firm.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Arts, Entertainment, and Recreation 99,999 SF - - -
Finance and Insurance 99,999 SF - - -
Health Care and Social Assistance 99,999 SF - Lorem Ipsum Jan 0000
Modern Nails LLC Services 99,999 SF - - -
Accommodation and Food Services 99,999 SF - - -
Administrative and Support Services 99,999 SF - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Starbucks
First Financial bank
Zaxby's
Chili's Grill & Bar
German American Bank
Rent-A-Center
Buffalo Wings & Rings

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 16-06-35-440-001.020-016
  • 16-06-35-440-010.100-016
Land Assessment
$979,201 CAD
Improvements Assessment
$2,370,593 CAD
Total Assessment
$3,349,794 CAD
  • Listing ID: 41506230

  • Date on Market: 2026-07-31

  • Last Updated:

  • Address: 1803-1903 N Lincoln St, Greensburg, IN 47240

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