2663 E Main St
Plainfield, IN 46168
Plainfield Commons - NNN 5-Tenant Center · Retail Property For Sale

Pegasus Investments is pleased to offer Plainfield Commons – a 100% occupied, 5-tenant triple net leased strip center located at the epicenter of Plainfield’s retail node in Indianapolis, Indiana. The property is leased to an impressive line-up of experiential retail and food users, including Five Guys, AT&T, QDOBA, Sprint, and Helzberg Diamonds (a subsidiary of Berkshire Hathaway). The staggered lease expiration dates offer investors rollover protection very rarely found in high-quality retail strip centers. Helzberg, Sprint, and QDOBA are all original tenants since the property’s 2005 construction, while Five Guys and AT&T replaced Payless Shoes and Radio Shack, respectively. The property’s largest tenant, Helzberg Diamonds, accounts for 37% of the property’s income and features attractive 2% annual rent increases. The property is situated as a highly visible Target outparcel experiencing average daily traffic counts of ±45,000 cars. In addition to the 1.5 million square feet of retail, which make up the immediate submarket, the property is adjacent to the Indianapolis International Airport and the Plainfield Industrial Park – one of the region's most active industrial and logistics parks. Population growth within 1-mile of the subject property has been a staggering 50% since 2010, with strong growth projected to continue.