365 Perry Rd Plainfield, IN 46168-2779
Property profile & analytics
365 Perry Rd Plainfield, IN 46168-2779
- Turn key restaurants
- 6,192 SF
- 1.61 lot acres
Property ID
US31-1125866
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Red Robin Gourmet Burgers and Brews / Restaurant
Property Details for 365 Perry Rd
- Year built
- 2006
- Construction
- WOOD
- Lot size
- 1.61 lot acres
- Property size
- 6,192 SF
- Property type
- Turn key restaurants
- APN
- 32-09-30-226-003.000-012
- APU
- 320930226003000012
Description
This exceptional investment opportunity presents a 6,506 square foot Red Robin restaurant located at 365 Perry Rd, Plainfield, IN 46168. The property boasts a strong 6.60% cap rate and a substantial net operating income (NOI) of $201,259. Secured by a corporate guarantee, the absolute NNN lease features a remaining term of 13.7 years, extending to July 30, 2038, with built-in rent bumps of 10% every five years, including option periods of 3 and 5 years. Situated on a 1.61-acre lot, this property benefits from its prime location within The Shops at Perry Crossing, a dominant retail center, providing excellent visibility and accessibility. The site enjoys convenient access to I-70 and State Road 267, connecting to major commercial and industrial areas. Plainfield's robust growth, with an average household income of $98,327 within a 5-mile radius, and proximity to Indianapolis International Airport, further enhances the investment's appeal. The property's tenant, Red Robin, is a nationally recognized brand in the casual dining sector, ensuring consistent revenue streams. Nearby national retailers include Chick-fil-A, Walmart, Ulta, Target, and Buffalo Wild Wings, solidifying the area's strong retail presence. This passive ownership opportunity requires no landlord responsibilities for taxes, CAM, or insurance, making it an attractive investment for discerning buyers. The asking price is $3,049,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Plainfield
- County
- Hendricks
- State
- Indiana
- Longitude
- -86.3542
- Latitude
- 39.7134
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,756
$547,400
$524,900
$1,072,300
-
$547,400
$524,900
$1,072,300
