Staples, Plainfield (Indianapolis MSA)

230 South Perry Road
Plainfield, IN. 46168

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 12,762

Acreage: +/- 1.362

Price: $2,930,500

Cap Rate: 6.75%

Description:

STATUS: Under Contract

  • Long term net lease with a publicly traded (NASDAQ: SPLS) investment grade credit tenant (S&P: BBB-/Stable) tenant
  • Relocated and downsized store from existing unit 1 mile away – shows long term commitment to market
  • founded in 1986, Staples operates in 25 countries and generates over $23 billion in annual sales
  • Perfectly positioned in the heart of the trade area at the entrance of Metropolis, a 600,000 SF class A lifestyle center anchored by JC Penney, Dick’s Sporting Goods, Carmike Cinemas, Barnes & Noble, DSW and Old Navy
  • Next to Indianapolis International Airport, which serves more than 7.2 million passengers annually on approx. 135 flights daily and has the second largest FedEx Express operation in the world
  • Strategic regional location in central Indiana with convenient access to 4 major interstates (65, 69, 70, 74)
  • Strong traffic counts in front of property with over 28,000 cars per day on US Hwy 40
  • Over 86,000 residents in a 5-mile radius with an average household income of $76,000