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Greensburg Retail Center 2311 N State Road 3 Byp 8,320 SF Retail Building Greensburg, IN 47240 $1,537,494 CAD ($184.79 CAD/SF) 7.85% Cap Rate
Investment Highlights
- 100% Occupied Two-Tenant Investment
- Minimal Landlord Responsibilities
- Recent Lease Renewal
- Annual Rental Increases
- Directly Off I-74 & Along Main Retail Corridor
Executive Summary
The Klink Group of Marcus & Millichap, as exclusive advisor, is pleased to present for sale the Greensburg Retail Center, a two-tenant, net-leased medical/retail building located in Greensburg, Indiana.
The property 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 Staggs Performance Labs 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.
The property 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 Staggs Performance Labs 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2003
Price
$1,537,494 CAD
Price Per SF
$184.79 CAD
Cap Rate
7.85%
NOI
$120,693 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
0.86 AC
Zoning
Commercial
Parking
30 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
212’ on SR 3
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Access Medical Urgent Care
- Services
- -
- -
- Apr 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Access Medical Urgent Care | Services | - | - | Apr 2026 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-06-35-140-001.020-016 | Improvements Assessment | $702,676 CAD |
| Land Assessment | $371,492 CAD | Total Assessment | $1,074,168 CAD |
Property Taxes
Parcel Number
16-06-35-140-001.020-016
Land Assessment
$371,492 CAD
Improvements Assessment
$702,676 CAD
Total Assessment
$1,074,168 CAD
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Greensburg Retail Center | 2311 N State Road 3 Byp
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