Panera Bread
Plainfield, IN 46168
320 S Perry Rd Logo Image
320 S. Perry Road
Plainfield, IN 46168
  • Asking Price: $2,743,809
  • Cap Rate: 5.25%
  • Lease Type: Absolute NNN
  • Status: Under Contract
PROPERTY DETAILS:

Corporate Lease - An original 12-year absolute NNN corporate lease with Panera Bread Company. Strong Rent Increases - Featuring a 10% rent increase in the initial term and each of the three option periods. Below Average Rent & Price Point - Relatively low rental rate for this regional sub-market of Indianapolis. International Hub - The nearby Indianapolis Airport supports the second largest FedEx hub in the world, making it the 8th busiest airport in the US in total pounds of cargo. Amazon, Home Depot, Pep Boys, Dick’s Sporting Goods, and many others have major distribution facilities nearby which employ over 6,000 workers. Robust Population - Plainfield has one of the fastest growing populations within the MSA and there are over 104,600 daytime employees within 5 miles.