790 Greensburg Commons S, Greensburg, IN 47240 For Sale

Cushman & Wakefield's Retail Advisory Group is pleased to present Greensburg Commons (the "Property"), an 87,607-square-foot, Walmart-shadow-anchored shopping center in Greensburg, Indiana — the county seat of Decatur County, strategically positioned on Interstate 74 roughly halfway between Indianapolis and Cincinnati. Shadow-anchored by Walmart and anchored in-line by Marshalls, Goodwill, and Feeders Pet Supply, the Property commands a strong daily-needs draw. The property generates a Year 1 NOI of $1,040,490 with a 4.2-year WALT and a projected 10-year NOI CAGR of 3.9% — a strong blend of in-place stability and income growth.

Currently 95% occupied, Greensburg Commons offers a clear, near-term path to income growth. A modest lease-up opportunity on the remaining small-shop space is complemented by four small-shop tenants rolling without options within the first four years — a built-in runway to reset rents to market and enhance asset value. The income stream is durable and credit-backed: approximately 82% of GLA and 80% of revenue are derived from national tenants including Marshalls, Goodwill, Feeders Pet Supply, Bath & Body Works, and Hibbett, lending stability and credit strength to the rent roll. With in-place rents below market, further upside remains through mark-to-market leasing and renewal spreads.

Positioned as the dominant retail destination in Decatur County at a full interchange on I-74, Greensburg Commons pairs a necessity-based, credit-tenanted rent roll with lease-up and below-market in-place rents — offering investors both stable current income and a defined path to NOI growth.