For Sale
$1,550,000

2028 Stafford RdPlainfield, IN 46168

6-Unit Retail Center, 100% Occupied

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional investment opportunity presents a 7,200 square foot, Class B shopping center located at 2028 Stafford Rd, Plainfield, IN 46168. The property, built in 1981 and situated on a 0.4-acre lot, boasts six individual retail units, each with six parking spaces, currently operating at 100% occupancy with a mix of lease terms. All tenants are credit-rated, operating under NNN leases, providing a stable income stream. The asking price is $1,550,000, representing a compelling $215.28 per square foot and a 6.00% cap rate. Recent improvements include fresh exterior paint and a new handicap-accessible curb cut. The property benefits from high visibility on State Road 267 and convenient access from Stafford Road, with a prominent tenant, State Farm, holding a 10-year lease. The existing leases offer a blend of short-term and long-term agreements, presenting opportunities for future rental rate increases to enhance cash flow. The zoning is GB, and rent bumps are included in the lease agreements. This is a turnkey investment with strong potential for future growth and return. The property features one single-story building.

Highlights

  • Six tenants with triple-net (NNN) leases.
  • Lease terms are a mix of long-term and short-term (within 1-2 years).
  • High tenant occupancy; units have leased quickly over the past three years.

Property Details for 2028 Stafford Rd

Property type
Lifestyle centers, Power centers
Square Feet
7,200 SF
Class
B
Year Built
1981
Buildings
1
Stories
1
Lot Size (sq. ft)
17,424 SF
Units
6

Location Insight

City
Plainfield
County
Hendricks
State
Indiana
Latitude
39.6992348
Longitude
-86.3724774
2028 Stafford Rd, Plainfield, Indiana

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FAQs

What type of property is this?
Lifestyle center - 6-Unit Retail Center, 100% Occupied
Where is the lifestyle center located?
The property is located at 2028 Stafford Rd Plainfield, IN.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Six tenants with triple-net (NNN) leases.; Lease terms are a mix of long-term and short-term (within 1-2 years).; High tenant occupancy; units have leased quickly over the past three years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Jason Alsup
Jason Alsup
Visit Broker Website

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2028 Stafford Rd, Plainfield, Indiana, 46168

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2028 Stafford Rd
  • Jason Alsup
    Jason Alsup
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