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Verizon | Plainfield, IN 290 S Perry Rd 4,331 SF Retail Building Plainfield, IN 46168 $1,845,000 ($426.00/SF) 7.75% Cap Rate
Investment Highlights
- Single-Tenant Verizon: 2017 construction; 4,331 SF freestanding retail building with ample on-site parking
- High-performing location; ranked in the top 20% nationally (Placer.ai)
- Top Performing Regional Retail Center: The shopping center ranks in the top 12% nationally (Placer.ai) and attracts 3 million visitors annually
- NNN Lease with minimal landlord responsibilities
- Pad to Regional Lifestyle Center: The Shops at Perry Crossing: 600,000+ square-foot open-air retail style center
- Surrounded by Dominant National Retailers
Executive Summary
Excellent Visibility in Main Retail Corridor | Pad to Regional Lifestyle Center | Affluent Indianapolis MSA Location ($108,000+ AHHI)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,331 SF
Building Class
B
Year Built
2017
Price
$1,845,000
Price Per SF
$426.00
Cap Rate
7.75%
NOI
$142,988
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.28 AC
Opportunity Zone
Yes
Parking
47 Spaces (10.85 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- -
- $30.00
- Triple Net
- Jul 2027
Verizon Communications originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | - | $30.00 | Triple Net | Jul 2027 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-09-30-175-003.000-012 | Improvements Assessment | $674,400 |
| Land Assessment | $577,800 | Total Assessment | $1,252,200 |
Property Taxes
Parcel Number
32-09-30-175-003.000-012
Land Assessment
$577,800
Improvements Assessment
$674,400
Total Assessment
$1,252,200
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Verizon | Plainfield, IN | 290 S Perry Rd
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