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GREYSTONE
SHOPPES2473 W Jonathan Moore Pike, Columbus, IN
Table of Contents | 2
Financial OverviewFinancial Overview……………………….3Rent Roll…………………………………4Tenant Profiles……………………………5-8
Investment OverviewInvestment Overview……………………..9Property Photos…………………………..10-11Oblique Photos……...…………………...12Surrounding Retail Properties..…………..13-14Site Aerials……………………………….15-16Market Aerial…………………………….17
Market OverviewLocal & Regional Maps…………………..18-19City of Columbus………………………...20Indianapolis Market Overview……..…….21-23Demographics …………………..……….24-25
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260052
GREYSTONE
SHOPPES
Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Price $3,210,000
Gross Leaseable Area (GLA) 16,145 SF
Price/ SF $198.82
Cap Rate 7.89%
Net Operating Income $253,189
Year Built 2006
Lot Size 2.04 Acres
Type of Ownership Fee Simple
Financial Overview | 3
Real Estate Taxes $49,138
Insurance $5,871
Common Area Maintenance $36,509
Management Fee of 4.00% $14,363
Total Expenses $105,882
Total Expenses per SF $6.56
Current Income
Scheduled Gross Rent: $286,451
Tenant Reimbursements: $91,519
Scheduled Gross Income: $377,970
Vacancy: ($18,898) 5.00%
Effective Gross Income: $359,071
Expenses: ($105,882)
NET OPERATING INCOME $253,189 7.89%
Capital Reserves: ($.20psf) $3,229
Potential Loan Payments: ($156,508)
Pre-Tax Cash Flow: $93,452 11.65%
Plus Principal Reduction: $55,258
Total Return Before Taxes: $148,710 18.53%
Proposed Loan Terms
First Loan Amount: $2,407,500
Interest Rate: 4.25%
Amortization Schedule: 25 Years
Term: 5 Years
Monthly Payment: $13,042.34
Annual Payment: $156,508.14
Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Rent Roll | 4 Greystone Shoppes
Suite TenantSquare
Footage% of Total Lease Start
Lease Expiration Monthly Rent Annual Rent
AnnualPSF Annual CTI Lease Type
2443 Subway 2,348 14.54% 3/1/2006 8/31/2026 $4,226.40 $50,716.80 $21.60 $13,309.77 NNN
2447Safety ShoeDistributors
2,340 14.49% 11/17/2011 10/31/2020 $2,730.00 $32,760.00 $14.00 $13,264.42 NNN
2451Seller Master Lease
(Formerly Snappy Tomato)
1,500 9.29% COE+ 1 Year $2,250.00 $27,000.00 $18.00 $8,502.84 NNN
2455 Sun Kiss Tanning 1,500 9.29% 3/1/2009 4/1/2018 $2,180.69 $26,168.28 $17.45 $8,502.84 NNN
2459 Gateway Dental 1,500 9.29% 3/1/2009 2/28/2019 $2,312.50 $27,750.00 $18.50 $8,502.84 NNN
2463 Julie’s Nails 1,295 8.02% 3/1/2007 8/31/2021 $2,374.17 $28,490.04 $22.00 $7,340.78 NNN
2467 Mattress & More 2,662 16.49% 1/1/2008 9/30/2022 $5,202.50 $62,430.00 $15.00 $23,592.53 NNN
2471 Mattress & More 1,500 9.29%
2473 Sprint 1,500 9.29% 11/1/2012 10/31/2018 $2,594.63 $31,135.56 $20.76 $8,502.84 NNN
Current Totals: 16,145 100% $23,871 $286,451 $17.74 $91,519
Occupied 16,145 100% $23,871 $286,451 $17.74 $91,519
Vacant 0% $0 $0 $0 $0
Rent InformationLease TermsTenant Information
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Tenant Profiles | 5
Square Footage: 2,348
Lease Commencement: March 1,2006
Lease Expirations: August 31, 2026
Company Revenue: NA
Stock Symbol: Private
Headquarters: Milford, CT
Locations: 43,035
Website: www.subway.com
Square Footage: 2,340
Lease Commencement: November 17, 2011
Lease Expirations: October 31,2017
Company Revenue: NA
Stock Symbol: Private
Headquarters: Cincinnati, OH
Locations: 5
Website: www.safetyshoedistributors.com
Subway is an American Fast Food restaurant that primarilysells submarine sandwiches (subs) and salads. It is owned andoperated by Doctor's Associates, Inc. Subway is one of thefastest growing franchises in the world with 44,692restaurants in 111 countries and territories as of March 14,2016. The United States alone has 27,058 outlets. It is thelargestsingle-brand restaurant chain and the largest restaurantoperator globally. The first Subway on the West Coast wasopened in Fresno, California, in 1978. In 2004, Subway beganopening stores in Walmart supercenters, and surpassed thenumber of McDonald's locations inside U.S. Walmart stores in2007. Since 2007, Subway has consistently ranked inEntrepreneur magazine's Top 500 Franchises list. It ranked #2in 2012. It also ranked #2 on the "Fastest Growing Franchise"and "Global Franchise" lists. At the end of 2010, Subwaybecame the largest fast food chain worldwide, with 33,749restaurants - 1,012 more than McDonald's
Safety Shoe Distributors of O.K.I. was established in October of1987. John and Marcia Long, owners, have been in the safetyshoe business for over 30 years servicing industrial accounts inOhio, Indiana, Kentucky, Southern Illinois and Pennsylvania.We are dedicated to providing consistent, high qualityproducts with unwavering, professional service at a fair price.In addition to operating shoe mobiles that service Indiana,Ohio, Illinois and Pennsylvania. Safety Shoe Distributors alsooperates five walk-in shoe store locations. Four of the storelocations are called “FOOTWORKS,” while the fifth location iscalled “BOOTWORKS.” Safety Shoe Distributors specializes inwork footwear, and carhartt clothing.
Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Tenant Profiles | 6
Square Footage: 1,500
Lease Commencement: March 1, 2009
Lease Expirations: February 28, 2019
Company Revenue: NA
Stock Symbol: Private
Headquarters: Columbus, IN
Locations: 1
Website: www.wrdental.com
Square Footage: 1,295
Lease Commencement: March 1, 2007
Lease Expirations: August 31, 2021
Company Revenue: NA
Stock Symbol: Private
Headquarters: Columbus, IN
Locations: 1
Website: www.juliesnailspa.com
Gateway Dental formerly White River Dental providesa state-of-the-art facility for the highest quality dentalcare available. Started by Dr. Strickland 7 years ago inColumbus, Indiana, White River Dental specializes inSedation Dentistry and Sleep Dentistry, treatingpeople with dental phobias and anxieties. WRD offersdifferent types of sedation dentistry. In addition tocosmetic dentistry, WRD also provides generaldentistry services such as teeth extraction, teethwhitening, dental implants and veneers. They arerated A+ by the BBB.
Julie's NailsJulie's Nails is a full service salon specializing in MassageTherapy, Manicures & Pedicures, Shellac Manicures, Hair,Waxing, and Skin Care! Since it opened it doors in 2010, ithas been providing the Columbus area with a range of nailcare treatments, a wide variety of fresh, fun nail polishhues, and beauty tips for your fingers and toes. Julie's Nailsoffers a clean, professional, and trendy salon to pamperyourself.
Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Tenant Profiles | 7
Square Footage: 4,162
Lease Commencement: January 1, 2008
Lease Expirations: September 30, 2017
Company Revenue: NA
Stock Symbol: Private
Headquarters: Louisville, KY
Locations: 16
Website: www.mattressandmore.com
Square Footage: 1,500
Lease Commencement: November 1, 2012
Lease Expirations: October 31, 2017
Company Revenue: Private
Stock Symbol: Private
Headquarters: Farmington Hills, MI
Locations: 40+
Website: www.sprint.com
Mattress & More is a full service mattress retailbusiness. We sell the best name brands at theguaranteed lowest prices, Sealy, Sealy Posturpedic,Stearns & Foster, Tempurpedic, Restonic, Sealy Hybrid,Sealy Optimum, Tempurpedic Power bases, AdjustableBeds, Pillows, Sheets, Mattress Pads, Furniture and BedFrames. A privately held company that started inColumbus, Indiana in 2007, serving two locations.Mattress & More has several locations in Indiana andKentucky. As Kentucky and Indiana’s #1 Sealy retailer,we are proud to offer a Comfort Guarantee on ultra-premium bedding and same day/next day delivery.
Sprint is an American telecommunications holding
company that provides wireless services and is a major
global Internet carrier. It is the fourth largest wireless
network operator in the United States, and serves 59.5
million customers as of July 2016. The company also offers
wireless voice, messaging, and broadband services through
its various subsidiaries under the Boost Mobile, Virgin
Mobile, and Assurance Wireless brands, and wholesale
access to its wireless networks to mobile virtual network
operators. Founded in 2006, Saad Nadhir and Nemir Nadhir
currently own or operate 40+ Preferred Retail stores in 7
states and have plans to add several new stores.
Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Tenant Profiles | 8
Square Footage: 1,500
Lease Commencement: March 1, 2009
Lease Expirations: April 1, 2018
Company Revenue: NA
Stock Symbol: Private
Headquarters: Columbus, IN
Locations: 3
Website: www.sunkisstanning.com
Sun Kiss Tanning has three locations with one inColumbus, Indiana, one in Bloomington, Indiana andone in Columbia City, Indiana. Sun Kiss Tanning hasbeen in business for over 15 years and has been at thislocation since 2007. Sun Kiss Tanning as been namedthe "Top 250 Tanning Salons in the United States" by"Looking Fit" Magazine. Sun Kiss Tanning is the onlyarea tanning center that can say that.
Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID
Investment Overview | 9
Investment Highlights
100% Occupied Retail Center
All Tenants on Landlord Favorable NNN Leases
Excellent visibility along Jonathan Moore Pike with Traffic Counts of nearly 33,000 vpd
Located within the newer retail corridor in Columbus, just off Interstate 65
Located in Close Proximity to Big Box Retailers: Wal-Mart, Sam's Club, and Menards
Nice Brick Construction with little to no deferred maintenance
5-Mile Average HH Income: $70,916
Marcus & Millichap is pleased to exclusively present for sale this retailshopping center located in Columbus, Indiana. The subject property is a16,145-square foot strip center located on approximately 2.04 acres on thesouth side of Jonathan Moore Pike, which has a traffic count of over 33,000cars per day. The center is located in the newer retail corridor of Columbusjust off of Interstate 65 at exit 68. The site is surrounded by national retailersincluding three big box retailers of Walmart Supercenter, Menard's and Sam'sClub.
The improvements were constructed in 2006 and the property is currently100 percent leased to eight tenants all of which are on NNN leases, allowingfor the landlord to pass expenses for common area maintenance, taxes, andinsurance through to the tenants. The site has an attractive brick facade andis easily accessible and visible from Jonathan Moore Pike.
The subject property sits in Columbus, Indiana which is approximately 45miles south of Indianapolis and approximately 72 miles north of Louisville,Kentucky. The site benefits from excellent demographics with over 49,000residents and an average household income of over $70,000 within a five-mile radius of the site.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Property Photos | 10 Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Property Photos | 11 Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Oblique Photos | 12 Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Surrounding Retail Photos | 13 Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Surrounding Retail Photos | 14 Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Site Aerial | 15 Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Site Aerial | 16 Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
South Facing Aerial | 17 Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260052
Local Map | 18 Greystone Shoppes
GREYSTONE SHOPPES
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Regional Map | 19 Greystone Shoppes
GREYSTONE SHOPPES
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
City of Columbus | 20
Columbus is the county seat of Bartholomew County, Indiana. The population was46,000 at the 2014 census. In its built environment, the relatively small city hasprovided a unique place for noted Modern architecture. Located about 40 miles(64 km) south of Indianapolis, on the east fork of the White River, it is the state's20th largest city. It is also the principal city of the Columbus, Indiana metropolitanstatistical area, which encompasses all of Bartholomew County. Columbus is thebirthplace of former Indiana Governor and current Vice President of the UnitedStates, Mike Pence. Columbus is the headquarters of the engine companyCummins, Inc.
Because Columbus is far enough from Indianapolis, it benefits tremendously fromnearby commuters who recognize Columbus as a major city in its own right.Nearly 19,000 workers commute into the city from the surrounding townships andvillages.
Columbus High School was home to a famous footwear pioneer that most peoplearound the world would recognize his "star" quality. Chuck Taylor playedbasketball in Columbus before setting out to promote his now famous shoes andthe sport of basketball before being inducted into the Naismith MemorialBasketball Hall of Fame. Columbus is an improbable town. Every year thousandsof visitors arrive to explore its streets and study its buildings, for it is one of therare places on earth where the idea that architecture can improve the humancondition has been put to the test. It’s a small, southern Indiana community withno apparent call to destiny that remarkably became an architectural “mecca.”
Greystone Shoppes
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260267
Indianapolis, IN | 21
OVERVIEW
Indianapolis
The Indianapolis metro is situated in central Indiana and consists of 11
counties: Marion, Johnson, Hamilton, Boone, Hendricks, Morgan,
Hancock, Shelby, Brown, Putnam and Madison. The metro lacks
formidable development barriers, except for the several rivers and
creeks that traverse the region. Marion County is home to
Indianapolis, the capital city, which contains a population of
approximately 856,000 people. Carmel in Hamilton County is the
second most populous with nearly 90,000 residents. Population
growth is primarily concentrated to the northern suburbs and west of
the city.
METRO HIGHLIGHTS
PREMIER DISTRIBUTION HUB
Around 50 percent of the U.S. population lies within
a one-day drive of Indianapolis, making it a center
for the transportation of goods.
MAJOR HEALTH SCIENCES CENTER
Eli Lilly & Co., Roche Diagnostics Corp. and
Covance Inc. maintain operations in the region,
among other major health-related employers.
LOW COST OF DOING BUSINESS
Indianapolis’ costs are far below national averages,
attracting businesses and residents to the area.
MARKET OVERVIEW
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260052
ECONOMY Indianapolis underwent an economic renaissance during the past two decades,
diversifying from a manufacturing-based economy into a variety of other employment
sectors.
The metro is one of the key health-sciences centers in the nation, anchored by several
pharmaceutical and life-sciences companies.
The metro is accessible to a large portion of the nation in one day by ground or air,
making the region a burgeoning logistics and distribution hub.
Annual GMP tops the national level, a trend that is set to persist over the next five years.
SHARE OF 2016 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
Eli Lilly & Co
Indiana University Health
Rolls-Royce Corp.
Community Health
Marsh Supermarkets
Kroger
IUPUI
FedEx
Roche Diagnostics
Finish Line* Forecast
MANUFACTURING
9%GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+
OTHER SERVICES
4%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
22%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
2%INFORMATION
15%
5%
13% 10% 6%
15%
22
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260267
MARKET OVERVIEW
Indianapolis, IN | 22
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260052
DEMOGRAPHICS
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
The metro is expected to add nearly 110,000 people through 2021, which will result
in the formation of nearly 40,000 households, generating demand for housing.
A median home price below the national level has produced a homeownership rate
of 66 percent, which is above the national rate of 64 percent.
Roughly 31 percent of people age 25 and older hold bachelor’s degrees; among
those residents, 11 percent also have earned a graduate or professional degree.
Indianapolis offers residents many big-city amenities in an affordable, small-town
atmosphere. The city is home to several high-profile auto races, including the Indianapolis
500 and Brickyard 400. Races are hosted at the Indianapolis Motor Speedway and the
Lucas Oil Raceway at Indianapolis. The metro has two major league sports teams: the
Indianapolis Colts (NFL) and the Indiana Pacers (NBA). The area also has a vibrant cultural
and arts scene, with more than 200 art galleries and dealers, the Indianapolis Symphony
Orchestra and a variety museums, including the Eiteljorg Museum of American Indians and
Western Art. Additionally, the Children’s Museum of Indianapolis is one of the largest
children’s museums in the world.
36.2
2016MEDIAN AGE:
U.S. Median:
37.7
$53,700
2016 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$54,500
2M
2016POPULATION:
Growth2016-2021*:
5.3%
774K
2016HOUSEHOLDS:
5.6%
Growth2016-2021*:
QUALITY OF LIFE
2016 Population by Age
0-4 YEARS
7%5-19 YEARS
21%20-24 YEARS
7%25-44 YEARS
28%45-64 YEARS
26%65+ YEARS
12%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
MARKET OVERVIEW
Indianapolis, IN | 23
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260052
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015Marcus & Millichap ACT ID Y0260052
Demographic Summary | 24 Greystone Shoppes
Income
In 2016, the median household income for your selected geography is
$84,608, compare this to the US average which is currently $54,505.
The median household income for your area has changed by 24.88%
since 2000. It is estimated that the median household income in your
area will be $98,222 five years from now, which represents a change
of 16.09% from the current year.
The current year per capita income in your area is $58,978, compare
this to the US average, which is $29,962. The current year average
household income in your area is $104,077, compare this to the US
average which is $78,425.
Population
In 2016, the population in your selected geography is 950. The
population has changed by 81.99% since 2000. It is estimated that
the population in your area will be 1,048.00 five years from now,
which represents a change of 10.32% from the current year. The
current population is 51.66% male and 48.34% female. The median
age of the population in your area is 38.15, compare this to the US
average which is 37.68. The population density in your area is 302.06
people per square mile.
Households
There are currently 538 households in your selected geography. The
number of households has changed by 84.25% since 2000. It is
estimated that the number of households in your area will be 605 five
years from now, which represents a change of 12.45% from the
current year. The average household size in your area is 2.57 persons.
Employment
In 2016, there are 1,098 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
80.00% of employees are employed in white-collar occupations in
this geography, and 20.77% are employed in blue-collar occupations.
In 2016, unemployment in this area is 1.30%. In 2000, the average
time traveled to work was 24.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
79.83% White, 1.26% Black, 0.22% Native American and 16.61%
Asian/Pacific Islander. Compare these to US averages which are:
70.77% White, 12.80% Black, 0.19% Native American and 5.36%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 2.96% of the current year
population in your selected area. Compare this to the US average of
17.65%.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to squarefootage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes onlyand do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015
Marcus & Millichap ACT ID Y0260052
Demographic Report | 25 Greystone ShoppesPOPULATION 1 Miles 3 Miles 5 Miles
2021 Projection
Total Population 1,048 20,088 51,493
2016 Estimate
Total Population 950 19,363 49,674
2010 Census
Total Population 794 17,938 46,839
2000 Census
Total Population 522 16,007 43,085
Current Daytime Population
2016 Estimate 864 31,379 69,594
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
2021 Projection
Total Households 605 8,007 20,494
2016 Estimate
Total Households 538 7,714 19,706
Average (Mean) Household Size 2.57 2.47 2.48
2010 Census
Total Households 449 7,158 18,601
2000 Census
Total Households 292 6,649 17,363
Occupied Units
2021 Projection 605 8,007 20,494
2016 Estimate 708 8,480 21,224
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
2016 Estimate
$150,000 or More 12.08% 7.45% 7.16%
$100,000 - $149,000 27.68% 15.23% 13.09%
$75,000 - $99,999 15.37% 12.82% 13.87%
$50,000 - $74,999 24.58% 19.00% 18.80%
$35,000 - $49,999 6.44% 12.59% 13.28%
Under $35,000 12.02% 31.47% 32.35%
Average Household Income $104,077 $76,978 $74,467
Median Household Income $84,608 $59,305 $56,333
Per Capita Income $58,978 $30,823 $29,738
HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles
Total Average Household Retail Expenditure
$71,377 $60,680 $59,902
Consumer Expenditure Top 10 Categories
Housing $18,047 $15,583 $15,414
Transportation $11,500 $10,166 $10,072
Shelter $9,893 $8,572 $8,460
Personal Insurance and Pensions $8,349 $6,009 $5,730
Food $8,286 $7,124 $6,997
Health Care $5,599 $4,729 $4,819
Utilities $4,301 $3,781 $3,761
Entertainment $2,967 $2,450 $2,411
Cash Contributions $2,891 $2,239 $2,288
Household Furnishings and Equipment
$2,116 $1,713 $1,677
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
Population By Age
2016 Estimate Total Population 950 19,363 49,674
Under 20 27.59% 26.77% 26.44%
20 to 34 Years 16.75% 21.68% 20.67%
35 to 39 Years 9.13% 7.25% 6.46%
40 to 49 Years 16.33% 13.67% 12.90%
50 to 64 Years 19.31% 18.64% 18.72%
Age 65+ 10.88% 12.01% 14.80%
Median Age 38.15 36.06 37.22
Population 25+ by Education Level
2016 Estimate Population Age 25+ 643 12,922 33,363
Elementary (0-8) 1.32% 2.24% 2.51%
Some High School (9-11) 0.96% 7.09% 6.35%
High School Graduate (12) 18.54% 30.56% 33.19%
Some College (13-15) 19.26% 18.83% 19.22%
Associate Degree Only 5.50% 7.61% 7.78%
Bachelors Degree Only 29.40% 17.71% 17.07%
Graduate Degree 24.97% 15.60% 13.52%
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has
Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any
information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing
Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this
Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased
property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the
property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the
property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including
newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not
guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to
market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value
of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be
able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your
investigation and/or purchase of this net leased property.
NET LEASED DISCLAIMER
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended
to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus &
Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
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NON-ENDORSEMENT NOTICE
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be
made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepare to provide summary, unverified information to prospective
purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has
not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and
square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the
improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this
Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, not has Marcus &
Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers
must take appropriate measures to verify all of the information set forth herein.
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