Marsh Supermarket and
For Sale
Contact for pricing
1960 East Greyhound Pass, Carmel, IN 46033
Absolute net lease shifts property operating, maintenance, insurance, tax, and utility obligations to the tenant.
Property SizeContact for details
Days on Market145
Property Features for 1960 East Greyhound Pass
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Walmart Supercenter, Bed Bath & Beyond, Hobby Lobby, Kohl's, Ulta Beauty, Menards, Regal Cinemas, Shoe Carnival
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 4:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
This offering comprises a Marsh supermarket with an integrated pharmacy component under an absolute net lease. The tenant is responsible for operating costs, property maintenance and repairs, insurance, taxes, and utilities, leaving no landlord responsibilities under the stated lease structure. Contractual rent increases are set at 7% every five years during the initial term. Lease obligations are supported by a guaranty from Marsh Supermarkets Holding, LLC and a limited recourse guaranty from Marsh Merger Sub, LLC. Marsh Supermarkets is owned by Sun Capital Partners, LLC.
The property is located at 1960 East Greyhound Pass in Carmel, Indiana, approximately 17 miles north of Indianapolis, within Village Park Plaza. The center includes Walmart Supercenter, Bed Bath & Beyond, Hobby Lobby, Kohl's, Ulta Beauty, Menards, Regal Cinemas, and Shoe Carnival. Carmel has more than six million square feet of retail space, while approximately 124,682 residents and $121,422 annual income are reported within a five-mile radius.
The property is located at 1960 East Greyhound Pass in Carmel, Indiana, approximately 17 miles north of Indianapolis, within Village Park Plaza. The center includes Walmart Supercenter, Bed Bath & Beyond, Hobby Lobby, Kohl's, Ulta Beauty, Menards, Regal Cinemas, and Shoe Carnival. Carmel has more than six million square feet of retail space, while approximately 124,682 residents and $121,422 annual income are reported within a five-mile radius.
Key Highlights
- Marsh supermarket with an integrated pharmacy component
- Absolute net lease with no landlord responsibilities
- Tenant handles property maintenance, repairs, insurance, taxes, and utilities
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
1.2M
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Shops & Services 19%
Superstores 18%
Apparel 11%
Walmart
Superstores
111,835 visits/mo
0.2 miles
Target
Superstores
108,106 visits/mo
0.4 miles
Chick-fil-A
Dining
56,720 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
54,348 visits/mo
0.3 miles
Kohl's
Apparel
54,086 visits/mo
0.1 miles
Demographics for 46033, IN
39,002
Population
14,725
Households
2.6
Avg Household Size
42
Median Age
72%
College-Educated
98%
High-School Grad
17.4 sq mi
ZIP Area
2,241
Density / Sq Mi
$150,529
Median Household Income
$75,667
Median Earnings
$1,597
Median Rent
$458,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- The Fresh Market — 2490 E 146th St, Carmel, IN 46033
- Target Grocery — 1600 E 151st St, Carmel, IN 46032
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Absolute net lease shifts property operating, maintenance, insurance, tax, and utility obligations to the tenant.
Where is this grocery and convenience store located?
The property is located at 1960 East Greyhound Pass Carmel, IN.
What are key features of this property?
This property features: Marsh supermarket with an integrated pharmacy component; Absolute net lease with no landlord responsibilities; Tenant handles property maintenance, repairs, insurance, taxes, and utilities
