This Industrial Property is Off-Market.

2801 Marsh Avenue
Yorktown, IN 47396 ·

186,450 SF · Industrial For Sale

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Marsh Supermarkets, LLC Warehouse & D.C.

Price N/A Occupancy 100%
Building Size 186,450 SF Tenancy Single
Property Type Industrial Year Built 1982
Property Sub-type Distribution Warehouse Clear Ceiling Height 40 ft.
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 26.90 AC
Cap Rate 8.74%
Listing ID: 17491610 Date Created: 01/18/2012 Last Updated: 09/04/2012

Description

Stan Johnson Company is pleased to offer for sale to qualified investors a Marsh Supermarkets Refrigerated Warehouse and Distribution Center located in Yorktown (Muncie MSA), Indiana. The investment is backed by a long term, absolute net lease.

The subject property is 100% leased to Marsh Supermarkets, LLC on a twenty (20) year lease, with fifteen (15) years remaining in the initial term.

Founded in 1931, Marsh Supermarkets is a leading grocery store chain with strong market shares in Central Indiana and Western Ohio. With 97 grocery stores within the region, Marsh Supermarkets has an excellent reputation for customer service and highest quality of products and selection.

In September 2006, Marsh Supermarkets was acquired by Sun Capital Partners, a leading private investment firm head quartered in Boca Raton, Florida. Sun Capital Partners has more than $3.5 billion of equity capital under management.

Yorktown, Indiana is located in the Mount Pleasant Township in Delaware County, Indiana. Yorktown is part of the Muncie, Indiana Metropolitan Statistical Area which has a population of 118,769.

Yorktown is located two miles east of Interstate 69, three miles west of Muncie and 40 miles Northeast of Indianapolis. State Highways 332 and 32 both run through Yorktown.

The subject property is the only refrigerated distribution center for Marsh Supermarkets. The 186,450 SF building resides on a 26.9 acre lot. The facility is used to refrigerate Marsh' s perishable goods and is centrally located to serve the 97 Marsh Supermarkets throughout Indiana and Ohio. The site of the Marsh Perishable Distribution Center is located on the south end of Marsh Avenue, adjacent to the Marsh dry goods distribution center.

Highlights

  • 186,450 SF refrigerated warehouse & distribution center 100% occupied by Marsh Supermarkets. Only perishable foods warehouse for entire chain
  • Leading regional grocery chain, with 97 stores within the Indianapolis MSA and surrounding communities
  • 15 years remaining on original 20 year lease, with four (4), five (5) year renewal options
  • Absolute NNN lease, with rental increases every 5 years
  • Attractive non-recourse financing already in place, providing investor with a 5-year initial return on equity of 11.4%
  • Adjacent to the Marsh Dry Goods Warehouse, significantly reducing the chances of relocation

Research

2801 Marsh Avenue, Yorktown, IN 47396 (Delaware County)

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