This property has sold.

Details: Retail

Asking Price: $2,412,167

Square Feet: 510 SF

Asking Cap Rate: 6.00%

Year Built: 2023

NOI: $144,730

Lease Structure: Absolute NNN

SOLD – 7 Brew – Plainfield, IN

•Absolute triple net lease (Zero Landlord Responsibilities)

Brand New, 15-Year, Lease (2023 construction) with 5 (5-year) options to extend

•Annual rent escalations, providing Inflation Protection

•Lease guaranteed by 7Ventures, Inc. which is a subsidiary of KMAC (one of the Largest Restaurant Operators in the country with over 320+ units). There are more than 40 KMAC Seven Brew locations under development or open throughout the county, with an expectation to Grow To 200+ Locations.

Excellent Trade Area adjacent to Burlington, Walmart, Ross, Dicks, Aldi and more

Centrally Located to several neighborhoods and multifamily developments

•2022 Population

•1 Mile – 5,272

•3 Mile – 39,299

•At the entrance to Shops at Perry Crossing, a regional lifestyle center with almost 1,000,000sf of retail space

•E Main St has strong traffic counts with over 29,000 VPD

This property has sold.