1621 State St 1637 Greenfield, IN 46140-1068

This Greenfield, Indiana shopping center presents a compelling investment opportunity. The 9,661 square foot, single-story Class B property, built in 2003, is currently 100% occupied by four tenants, including FedEx and Little Caesars. The property boasts a strong NOI of $162,798, with a pro-forma NOI of $189,077, and a current cap rate of 7.24%, and a pro-forma cap rate of 8.40%. Located at 1621 N State St, Greenfield, IN 46140, this multi-tenant retail center benefits from a high-traffic location, shadow-anchored by Tractor Supply and Dollar Tree, and situated near a Kroger and Walmart Supercenter. The area demonstrates strong demographics, with average household incomes within five miles exceeding $95,392, and daily traffic counts exceeding 22,000 vehicles. The asking price is $2,250,000, representing a price per square foot of $232.90. This stabilized retail investment offers a solid return with potential for future growth. The property's favorable lease terms and strong tenant mix contribute to its overall attractiveness. This is a rare opportunity to acquire a well-performing retail asset in a thriving market.