2820-2884 Frontage Rd
Warsaw, IN 46580
Marketplace at Warsaw · Retail Property For Sale

HFF has been retained on an exclusive basis to offer qualified investors the opportunity to acquire The Marketplace at Warsaw (the Property or the Offering ) a 190,360 square foot Community Center anchored by national tenants Carson' s, Dunham' s Sports, Pier One and Zimmer US (NYSE: ZBH), one the largest medical device companies in the world. The Marketplace at Warsaw provides investors a rare combination of proven stability with value enhancement opportunities. The Property has been a staple in the community with current occupancy of 91.6%. Due to minimal retail competition with comparable scale or national tenancy, The Marketplace at Warsaw's current tenant roster has been at the Center an average of 13.8 years. Investors can enhance existing yields by increasing rental rates on 27,634 square feet (14.5% GLA) of existing space with average rents 54.0% below market. The Marketplace at Warsaw represents an excellent opportunity to acquire a stable regional community center with over 89% national tenancy at a significant discount to replacement cost. Warsaw is the capital of the World's $32 billion global Orthopedic industry, of which one third is headquartered in Warsaw. This gives the market a stable and growing economic consumer base with excellent purchasing power - average household incomes within 3-miles of Center are $80,313, while population growth within the same area has surpassed 15.0% since 2000. The Marketplace at Warsaw is strategically situated along the City's major thoroughfare, Highway 30, which brings 31,195 vehicles per day past the site.