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19635016
19635017

2028 Stafford Rd, Plainfield, IN 46168

JA
IN RB14035549
Eclipse Realty Group
Listed by Eclipse Realty Group
$1,550,000
660 days on market
Updated 72 days ago

2028 Stafford Rd

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 7,200
Units 6
Cap Rate 6.00%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Rent Bumps Yes
Price per SqFt $215
Broker Co-Op Yes
Class B
Year Built 1981
Buildings 1
Stories 1
Acreage 0.400
Zoning GB
Parking Spaces 6 per unit
Tenant Credit Credit Rated
Ground Lease No

Strip Center For Sale

Marketing description

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.

Investment highlights

6 Tenants with all NNN leases. Some long terms leases and some that are coming up within a year or two. Units are always easy to lease within the last 3 years.

Listing Contacts

JA
IN RB14035549
Eclipse Realty Group
Listed by Eclipse Realty Group

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Additional Information

Name
Jason Alsup
License
RB14035549
Brokerage
eXp Realty LLC
Title
Associate Broker
Brokerage Address
11650 Lantern Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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