Plainfield IN Real Estate & Commercial for Sale

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Beds:
n/a
Baths:
Sq.Ft.:
2,760
Status:
Active
MLS#:
26865685
Type:
General Commercial
Lot size:
1.25 Acres
Year built:
1996
Listed by Maher Commercial Realty Oron Maher
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ADDITIONAL INFORMATION

We are pleased to present the exclusive opportunity to acquire a single-tenant NNN retail asset leased to Arby's and located at 6007 Gateway Dr in Plainfield, Indiana. This net-leased commercial investment is situated on a 1.25-acre parcel (54,450 SF) within a commercial corridor directly adjacent to Interstate 70 in the Indianapolis metropolitan area. Originally constructed in 1996, the freestanding single-story building contains 2,760 square feet of gross structural area featuring a quick-service drive-thru layout. The property is fully net-leased with a corporate guaranty from Arby's Restaurant Group (Inspire Brands). Producing an in-place Net Operating Income (NOI) of $110,940 per year ($9,245 per month), the asset recently secured a lease extension through December 31, 2031, providing 5.5 years of remaining firm lease term followed by three 5-year renewal options extending through 2046 with ~7.5% rental escalations per option period. Offered at $1,585,000 (a 7.00% cap rate), this property provides an investor with corporate-backed cash flow anchored by real estate located near Indianapolis International Airport and Hendricks County's industrial corridor. This single-tenant quick-service asset represents a target investment for 1031-exchange buyers or private investors seeking a corporate-backed net-leased property in the Midwest. Offered at a 7.00% cap rate ($1,585,000), the pricing accounts for the flat primary stub through 2031 while offering yield premium relative to regional single-tenant fast-food trades averaging between 5.50% and 6.75%. Positioned along Plainfield's retail corridor, the site captures steady consumer traffic driven by local industrial employment centers and suburban residential growth. 6007 Gateway Dr offers an acquisition framework combining corporate income security, zero management responsibilities, and intrinsic land value in a growing submarket. Its location along Interstate 70 in Hendricks County, paired with a corporate-guaranteed lease from Inspire Brands, provides insulation against operational volatility. For buyers seeking to deploy capital into a passive, single-tenant net-leased retail asset with stable returns, this Arby's site provides a foundation for long-term wealth preservation and steady yield.

Beds:
n/a
Baths:
Sq.Ft.:
6,480
Status:
Active
MLS#:
22070990
Type:
Retail
Lot size:
0.08 Acres
Year built:
1850
Courtesy: The Stewart Home Group 317-831-1313
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ADDITIONAL INFORMATION

Incredible opportunity to own two buildings on the corner of U.S. 40 and N. Center St. in the heart of Plainfield! Located directly next to the new Hendricks Live! performing arts center and surrounded by a thriving downtown. These two buildings have been opened on the inside to create one large building. Ample parking is available behind the building in town's free parking garage. Amazing chance to own property in a growing, bustling area!

Beds:
n/a
Baths:
Sq.Ft.:
7,564
Status:
Active
MLS#:
21913057
Type:
Retail
Lot size:
0.4 Acres
Year built:
1981
Courtesy: eXp Realty, LLC 888-611-3912
View additional info

ADDITIONAL INFORMATION

Up for sale is a prime strip center located in Plainfield, IN. This property is located right next to the new Traders Point Church that took over the old Marsh grocery store. All 6 of the units are currently leased. Current owner has done a great job getting the rents closer to market rate. New potential owner has the opportunity to increase rental rates once leases expire to increase the cash flow. Building has had fresh paint on the exterior of the building, with new handicap curb cut for wheelchair access to the 6 units. State Farm is one of the main tenants and signed a 10 year lease when they renewed their lease. Building has great exposure to State Road 267 and access from Stafford Rd.

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Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.




Plainfield Real Estate

Plainfield is located in Indiana. Plainfield, Indiana has a population of 34,311. Plainfield is less family-centric than the surrounding county with 34.86% of the households containing married families with children. The county average for households married with children is 37.73%.

The median household income in Plainfield, Indiana is $68,541. The median household income for the surrounding county is $87,961 compared to the national median of $69,021. The median age of people living in Plainfield is 38.1 years.

Plainfield Weather

The average high temperature in July is 84.5 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 41.1 inches per year, with 22.4 inches of snow per year.

Plainfield Map

Plainfield Real Estate Market Conditions

  • Median sales price

    $374,900
    17.8%
    change since last quarter
  • # Active listings

    138
    30-day change

Plainfield Schools and Demographics

Education near Plainfield, IN

City County
High School Graduates 94.42 95.12
College Degree - 2 year 8.02 8.44
College Degree - 4 year 31.55 39.46
Graduate Degree 9.49 10.67
Expenditures per Student 13,510 13,510
Students per Teacher 16.9 16.9

Elementary Schools near Plainfield, IN

Grades Students P/T Ratio ZIP
Brentwood Elementary School KG - 05 450 19.6 46168
Bridgeport Elementary School KG - 06 697 18.3 46231
Cedar Elementary School KG - 04 687 21.8 46123
Central Elementary School KG - 05 573 19.8 46168
Clarks Creek Elementary School KG - 05 778 21 46168
Hickory Elementary School KG - 04 519 21.6 46123
Little Quakers Academy PK - PK 73 36.5 46168
Maple Elementary School KG - 04 259 18.5 46123
North Madison Elementary School KG - 06 654 23.4 46113
Pine Tree Elementary School KG - 04 382 20.1 46123
River Birch Elementary School KG - 04 747 22.6 46123
Sycamore Elementary School KG - 04 420 21.5 46123
Van Buren Elementary School KG - 05 581 21.5 46168
West Newton Elementary School 01 - 06 586 19.5 46183
White Oak Elementary School PK - 04 403 18.3 46123

Middle Schools near Plainfield, IN

Grades Students P/T Ratio ZIP
Avon Intermediate School East 05 - 06 753 23.7 46123
Avon Intermediate School West 05 - 06 709 23.8 46123
Avon Middle School North 07 - 08 707 20.4 46123
Avon Middle School South 07 - 08 763 22.4 46123
Plainfield Com Middle School 06 - 08 1,277 20.9 46168

High Schools near Plainfield, IN

Grades Students P/T Ratio ZIP
Avon High School 09 - 12 2,766 23.4 46123
Plainfield High School 09 - 12 1,566 22.3 46168

Ungraded Schools near Plainfield, IN

Grades Students P/T Ratio ZIP
Indiana Cyber Charter School KG - 12 1,158 579 46123

Demographics near Plainfield, IN

City County
Neighborhood Type Suburban
Population 34,311 172,100
Population Density 1,361 423
Median Age 38.1 38.2
People per Household 2.6 2.7
Median Household Income 68,541 87,961
Average Income per Capita 36,669 40,540

Real estate near Plainfield