501 National Rd W
Richmond, IN 47374
Marsh Supermarket | 10 Yr Corp Abs NNN · Retail Property For Sale

SRS National Net Lease Group is offering the opportunity to acquire the fee simple (land & building) interest in a corporate guaranteed, freestanding, single tenant, absolute NNN leased Marsh Supermarket, located in Richmond, Indiana. The tenant, Marsh Supermarket, has 10 years remaining on a long term, 20 year lease. The lease features 7% increases every 5 years, which generates steady NOI growth and hedges against inflation. Furthermore, there are 7% increases at the beginning of each of 4 (5-year) option periods. The subject property is strategically located at the signalized intersection of National Road W. (16,100 vehicles per day) and SW 5th St. National Road W. is a major east-west thoroughfare through the town of Richmond, and the subject property has excellent visibility, frontage, and access along the road. The subject property is located adjacent to Earlham College, which increases consumer traffic for the property. Marsh also benefits from limited competition in the trade area, as the store is the only major grocer in a 1-mile radius. Additionally, there are more than 46,000 permanent residents with an average household income higher than $53,400 within 5 miles of the subject property and the trade area is supported by more than 31,100 daytime employees within 5 miles.