For Sale
$900,000

2311 In-3 Greensburg, IN 47240

Greensburg, IN: Net Lease Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
This 8,320 sq ft Greensburg, Indiana retail property boasts a 9.60% cap rate and is situated on IN-3, approximately halfway between Cincinnati and Indianapolis. The building, constructed in 2003 and featuring a new rubber roof, is currently 100% occupied by two tenants under net leases. The front 3,120 sq ft is leased to an urgent care facility for $5,400/month on a three-year lease (commencing November 1, 2024, and expiring October 31, 2027). This area has recently undergone renovations. The rear 5,200 sq ft offers warehouse, storage, office, or retail space, currently leased for $2,300/month on a three-year lease (commencing November 1, 2024, and expiring October 31, 2027). This space includes two dock areas—a loading dock with a 12' truck well and an overhead delivery door—and features approximately 17' ceilings. The property also includes side and rear entrances and two restrooms. Ample parking is available. The high-traffic location, near a stoplight, is flanked by a hotel and another restaurant. The property is offered for sale as a whole or in part, with a right of first refusal for the front portion.

Property Details for 2311 In-3

Property type
Retail properties, Restaurants
Year Built
2003
Units
2

Location Insight

City
Greensburg
County
Decatur
State
Indiana
Latitude
39.3592461
Longitude
-85.4804574
2311 In-3, Greensburg, Indiana

FAQs

What type of property is this?
Retail property - Greensburg, IN: Net Lease Investment Opportunity
Where is the retail property located?
The property is located at 2311 In-3 Greensburg, IN.
What is the asking price?
The asking price for this property is $900,000.
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2311 In-3
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