Verizon Wireless | New Construction

290 Perry Road, Plainfield, IN

   SOLD!   

$2,230,500

Price

5.75%

Cap Rate

1.284 acres

Lot Area

Overview
Cap Rate
5.75%
Lot Area
1.284 acres
Lease Type
Double Net
Building Size
4,275 sqft
Description

The newly constructed Verizon outlot features first-class 2017 construction with Verizon’s latest building prototype and branding. Located approximately 10 miles west of downtown Indianapolis, the property is anchored by nearby Indianapolis International Airport and several Fortune 500 distribution facilities which provide a robust daytime population for the area.
The site is situated on a 1.284-acre parcel with 47 parking spaces along South Perry Road, the primary north-south thoroughfare for the surrounding retail and many of the major employers in the area. The property features visibility to 35,763 VPD along East Main Street (US-40) and 18,000 VPD along Perry Road. Ingress and egress is provided by Retail Road, which is the outer ring-road for Perry Crossing. The Verizon parcel is situated adjacent to a freestanding Panera Bread restaurant to the south and a freestanding Staples retail store directly to the north. Reciprocal parking lot access is shared between Verizon, Panera Bread, and Chipotle.

Highlights
  • Brand New 2017 Construction
  • Brand New 10 Year Lease
  • Rent Increases of 10% Every 5 Years
  • Outlot to Regional Lifestyle Center

Location
Gallery