812-924 E Main St
Brownsburg, IN 46112
Brownsburg Shopping Center · Retail Property For Sale

Marcus & Millichap is pleased to present the fee simple interest in the Brownsburg Shopping Center in Brownsburg, Indiana. The 41,465 square foot building sits on 4.62 acres with excellent exposure directly off U.S. 136 across the street from McDonald’s. Eagle Point Business Park sits directly behind the property, which houses the HomeGoods Distribution Center, Guitar Center’s Distribution Center, and Diakon Logistics. It also contains 8 motor sports related companies including Pace Performance Coatings, Alan Johnson Racing, DSR, Avept and Belardi Auto Racing. U.S. 136 is a major retail thoroughfare that runs west of the property into downtown Brownsburg and feeds east towards I-465, Speedway, and Indianapolis. The Indianapolis Motor Speedway, home of the Indianapolis 500, is just a 10 minute drive away. The center is currently 100 percent occupied as the BMV recently has agreed to expand into the adjacent open space with a new 10 year lease. Brownsburg Shopping Center is anchored by Planet Fitness and Dollar General, and includes other tenants like Great Clips and American Family Insurance. National tenants occupy over 64 percent of the gross leaseable area of the center. There is minimal lease rollover risk in the deal, with nearly 70 percent of the GLA with a lease to at least 2023. The center provides additional upside that can be captured in the upcoming rent increases. The growing community of Brownsburg is well served by this offering. Brownsburg Shopping Center provides an incoming investor a chance to own a stabilized asset with service-oriented tenants that meet the needs of this densely populated area.