RealtyLink Development

Greenfield Crossing (Indianapolis MSA)

2211-2243 Barrett Drive
Greenfield, IN 46140

Property: Investment Sales

Square Footage: +/- 70,889

Acreage: +/- 6.54

Price: $11,370,000

Cap Rate: 6.75%

Anchor Tenants: Kohl's, PetSmart

Description:

  • 2016 class A construction and 100% leased to 5 national credit tenants
  • Long term corporate leases with various rent bumps and multiple renewal options
  • Minimal property management with Kohl’s responsible for CAM
  • Anchored by Kohl’s (NYSE: KSS, S&P: BBB-) and PetSmart (S&P: B+) and shadow anchored by Home Depot
  • Located at I-70 and N State St (exit 104) about 22 miles east of downtown Indianapolis (MSA population of 2.35M)
  • 2015 traffic counts of 27,600 cars per day on N State St and 42,400 cars per day on I-70
  • 2015 average household income of $71,000 within a 5 mile radius of property
  • Greenfield is a growing suburban community with 47% population increase since 2000 and is the county seat of Hancock County