Red Robin

365 Perry Rd, Plainfield, IN
Deal Type:
Net Lease
Price:
$3,049,000
Cap Rate:
6.60%
Current Rent:
$201,259
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 14 years
Renewal Options:
3, 5-year options
Building Sq. Ft.:
6,406 SF
Rent Increases:
10% every 5 Years
Site Size:
1.61 Acres

Investment Highlights

  • Corporate Lease: Remaining 14 year lease with Red Robin, one of the most recognised national brand in the casual dining industry., with more than 500 restaurants across the United States and Canada. Total revenues are $309 million
  • Passive Ownership Opportunity: The tenant is responsible for all Taxes, CAM, and insurance, providing no landlord ownership responsibilities.
  • Scheduled Rent Increases: The lease calls for rental increases of 10% every five years including the option periods.
  • Interstate Access: The property is strategically located near Perry Road, offering direct access to I-70, a major east-west highway, and State Road 267, which connects to various regional commercial and industrial zones
  • Plainfield Location: Plainfield is a rapidly growing town within the Indianapolis metropolitan area, with continued investments in industrial, retail, and infrastructure development, with an average household income of $98,327 within 5 miles of the site. The Indianapolis International Airport is only a short drive away, enhancing the property’s appeal to commuters
  • Retail Corridor: The site is a pad to The Shops at Perry Crossing, the dominant retail center in area, providing superior visibility and access
  • Nearby National Retailers: Additional national retailers in the area include Chick Fil’a, Walmart Super Center, Ulta, Target, and Buffalo Wild Wings.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Adam English

Managing Director
256 694 9803
[email protected]

Cooperating Broker: Bang Realty, Brian Brockman, Lic: IN – RB14037939

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