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Greensburg Plaza 1803-1903 N Lincoln St 20,955 SF 100% Leased Retail Building Greensburg, IN 47240 $5,043,816 CAD ($240.70 CAD/SF) 7.64% Cap Rate



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
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.
Data Room Click Here to Access
- Offering Memorandum
- Dropbox Link & Contents
Property Facts
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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.
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.
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
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99,999 SF
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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.
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 | |
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Arts, Entertainment, and Recreation | 99,999 SF | - | - | - | |
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Finance and Insurance | 99,999 SF | - | - | - | |
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Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Modern Nails LLC | Services | 99,999 SF | - | - | - | |
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Accommodation and Food Services | 99,999 SF | - | - | - | |
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Administrative and Support Services | 99,999 SF | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,370,593 CAD | |
| Land Assessment | $979,201 CAD | Total Assessment | $3,349,794 CAD |
Property Taxes
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Greensburg Plaza | 1803-1903 N Lincoln St
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