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GREYSTONE SHOPPES 2473 W Jonathan Moore Pike, Columbus, IN

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Page 1: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

GREYSTONE

SHOPPES2473 W Jonathan Moore Pike, Columbus, IN

Page 2: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 3: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 4: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 5: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 6: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 7: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 8: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 9: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 10: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 11: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 12: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 13: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 14: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 15: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 16: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 17: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 18: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 19: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 20: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 21: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 22: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 23: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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

Page 24: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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%.

Page 25: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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%

Page 26: GREYSTONE SHOPPES - LoopNet · Mattress & More is a full service mattress retail business. We sell the best name brands at the guaranteed lowest prices, Sealy, Sealy Posturpedic,

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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

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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