Northgate Plaza 2 Retail Properties Offered at $8,848,654 CAD in Greenfield, IN
INVESTMENT HIGHLIGHTS
- Greenfield, IN (county seat of Hancock County) is located less than 25 miles East of downtown Indianapolis, IN
- Surrounded by National Retailers including Walmart, Kroger, Home Depot, Chick-Fil-A, Panera, Chipotle, Starbucks, McAlister’s, Walgreens, and many mor
- Traffic on North State Street (28,095 AVD)
- The area continues to see rapid growth and investment - Hancock County was Indiana’s fastest growing county in 2023
- Anchored by O’Reilly Auto Parts (just signed a 10-Year Early Renewal) and Hancock Health
- WALT - 7.19 Years
EXECUTIVE SUMMARY
VERITAS REALTY is pleased to present the opportunity to acquire Northgate Plaza in Greenfield, IN (Indianapolis MSA). Northgate Plaza is a fully leased, 6-unit neighborhood retail center that is situated just north of the main Hancock Health Hospital and surrounded by a host of national retailers on the busy N. State St. (28,000 VPD), giving it prime visibility and accessibility.
The center is anchored by O’Reilly Auto Parts that just completed a 10-year early renewal. The mix of established tenants and high traffic ensures a steady income stream and strong draw for local shoppers. This center is ideal for investors seeking stability and upside.
The center is anchored by O’Reilly Auto Parts that just completed a 10-year early renewal. The mix of established tenants and high traffic ensures a steady income stream and strong draw for local shoppers. This center is ideal for investors seeking stability and upside.
PROPERTY FACTS
| Price | $8,848,654 CAD |
| Price / SF | $240.43 CAD / SF |
| Cap Rate | 7.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 36,804 SF |
| Total Land Area | 6.83 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1031 N State St, Greenfield, IN 46140 | Retail | 3,920 SF | 1953 | - |
| 1051-1137 N State St, Greenfield, IN 46140 | Retail | 32,884 SF | 2004 | - |
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