Retail Business for Sale in Greenwood, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Greenwood, IN 46142

Description

Marcus & Millichap is pleased to present a dual-tenant NNN retail investment featuring Subway and Biggby Coffee, strategically positioned along the high-traffic U.S. 31 corridor within the Indianapolis MSA. The property was remodeled in 2026 to create a modern, complementary food and beverage configuration totaling ±2,709 SF on ±1.12 acres. Both tenants operate under new 15-year NNN leases commencing at close of escrow, offering zero landlord responsibilities and scheduled 10% rent increases every five years. The asset also includes a leased parking lot generating $36,000 annually, providing additional income and future redevelopment potential upon lease expiration in 2034. With a price of $2,836,364, NOI of $156,000, and a 5.50% cap rate, the property delivers stable, diversified income backed by high-net-worth personal guarantees from both tenants. Investment Highlights: • Dual-Tenant NNN Subway and Biggby Coffee Configuration • Brand-New 2026 Remodel • 15-Year Passive Income Stream | Additional Parking Lot Income • Prime Greenwood Location | Dense Retail and Residential Node

Market Context

This retail in Greenwood, IN is listed for sale. It has been on the market for 54 days. Compare it against other retail listings for sale in Greenwood, IN — <a href="/search/sale/retail/indiana/greenwood">view the full market</a>.

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