Commercial Real Estate in Paragon available for sale
Paragon NNN Properties For Sale

NNN Properties for Sale within 50 kilometers of Paragon, IN, USA

More details for 6007 Gateway Dr, Plainfield, IN - Retail for Sale

6007 Gateway Dr

Plainfield, IN 46168

  • NNN Property
  • Retail for Sale
  • $2,207,223 CAD
  • 2,760 SF
  • Air Conditioning
  • Wheelchair Accessible
  • Smoke Detector

Plainfield Retail for Sale - Hendricks County

Maher Commercial Realty is pleased to present the exclusive opportunity to acquire a single-tenant NNN retail asset leased to Arby's and located at 6007 Gateway Dr in Plainfield, Indiana. This net-leased commercial investment is situated on a 1.25-acre parcel (54,450 SF) within a commercial corridor directly adjacent to Interstate 70 in the Indianapolis metropolitan area. Originally constructed in 1996, the freestanding single-story building contains 2,760 square feet of gross structural area featuring a quick-service drive-thru layout. The property is fully net-leased with a corporate guaranty from Arby's Restaurant Group (Inspire Brands). Producing an in-place Net Operating Income (NOI) of $110,940 per year ($9,245 per month), the asset recently secured a lease extension through December 31, 2031, providing 5.5 years of remaining firm lease term followed by three 5-year renewal options extending through 2046 with ~7.5% rental escalations per option period. Offered at $1,585,000 (a 7.00% cap rate), this property provides an investor with corporate-backed cash flow anchored by real estate located near Indianapolis International Airport and Hendricks County's industrial corridor. This single-tenant quick-service asset represents a target investment for 1031-exchange buyers or private investors seeking a corporate-backed net-leased property in the Midwest. Offered at a 7.00% cap rate ($1,585,000), the pricing accounts for the flat primary stub through 2031 while offering yield premium relative to regional single-tenant fast-food trades averaging between 5.50% and 6.75%. Positioned along Plainfield’s retail corridor, the site captures steady consumer traffic driven by local industrial employment centers and suburban residential growth. 6007 Gateway Dr offers an acquisition framework combining corporate income security, zero management responsibilities, and intrinsic land value in a growing submarket. Its location along Interstate 70 in Hendricks County, paired with a corporate-guaranteed lease from Inspire Brands, provides insulation against operational volatility. For buyers seeking to deploy capital into a passive, single-tenant net-leased retail asset with stable returns, this Arby's site provides a foundation for long-term wealth preservation and steady yield.

Contact:

Maher Commercial Realty

Property Subtype:

Fast Food

Date on Market:

2026-07-28

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More details for 201 S State Road 135, Greenwood, IN - Retail for Sale

Shops on Meridian | 9-Yr WALT | 6.35% Cap - 201 S State Road 135

Greenwood, IN 46142

  • NNN Property
  • Retail for Sale
  • $3,077,580 CAD
  • 4,051 SF

Greenwood Retail for Sale

The Property benefits from exceptional underlying fundamentals. Average household incomes within a one-mile radius approach $104,000, and Greenwood ranks among Indiana’s fastest-growing cities, having expanded 80% since 2000 and growing faster than 87% of similarly-sized U.S. cities. Employment in Greenwood grew approximately 7% from 2023 to 2024, adding over 2,200 jobs. Within a 2.5-mile radius, more than $110 million in newly delivered and approved development is actively reshaping the trade area, anchored by the 90-acre Center Grove Park mixed-use PUD approved in December 2024, which will deliver 250 apartment units and up to 150,000 square feet of commercial space directly along SR 135. At the citywide level, over 1,625 single-family homes and 594 apartment units are currently under construction. Further reinforcing the corridor’s long-term trajectory, furthermore, traffic volumes projected to increase 70% by 2040. Greenwood sits just 15 minutes south of downtown Indianapolis, one of the Midwest’s most stable and fastest-growing metros with a population approaching 2.3 million. The region consistently ranks among the top U.S. metros for affordability, job growth, and quality of life, and Indiana was recently ranked the #1 state for business. With a 9.5-year WALT, rare 3.5% annual rent escalations, a signalized hard-corner location directly across from a dominant grocery anchor, and a synergistic franchise tenant mix backed by Greenwood’s robust demographic and development tailwinds, Shops on Meridian represents a compelling opportunity to acquire a durable, long-term income stream in one of the Midwest’s strongest suburban growth markets.

Contact:

Pegasus Investments

Property Subtype:

Freestanding

Date on Market:

2026-05-21

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More details for 2490 N Morton St, Franklin, IN - Retail for Sale

Chick-fil-A - 2490 N Morton St

Franklin, IN 46131

  • NNN Property
  • Retail for Sale
  • $4,177,710 CAD
  • 5,512 SF
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More details for 1276 US Hwy 31 N, Greenwood, IN - Retail for Sale

1276 US Hwy 31 N

Greenwood, IN 46142

  • NNN Property
  • Retail for Sale
  • $3,475,333 CAD
  • 22,072 SF
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More details for 1412 W Kirkwood Ave, Bloomington, IN - Industrial for Sale

Blue Fox HVAC - 1412 W Kirkwood Ave

Bloomington, IN 47404

  • NNN Property
  • Industrial for Sale
  • $835,542 CAD
  • 5,290 SF
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More details for 123 S Franklin Rd, Bloomington, IN - Retail for Sale

Medical Office For Sale! - 123 S Franklin Rd

Bloomington, IN 47404

  • NNN Property
  • Retail for Sale
  • $4,038,453 CAD
  • 5,494 SF
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More details for 8241 US 31 S, Indianapolis, IN - Retail for Sale

T-Mobile Corp Freestanding - Auction Aug 19th - 8241 US 31 S

Indianapolis, IN 46227

  • NNN Property
  • Retail for Sale
  • Price Upon Request
  • 3,299 SF

Indianapolis Retail for Sale - Edgewood/South County

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present this corporate-leased T-Mobile asset, being offered unpriced through an auction process scheduled for August 3rd through August 19th. The property offers investors durable in-place cash flow with current annual rent of $115,465 and a scheduled 5% rent increase in September 2027. The lease structure is double-net, providing for a passive ownership profile with limited landlord responsibilities. The tenant, T-Mobile USA, Inc., recently extended the lease for one additional year and retains a single One-year option, signaling continued operational commitment while simultaneously creating a compelling near-term repositioning or mark-to-market opportunity for a future owner. Strategically located along US Highway 31 South, the property benefits from excellent visibility and access, with traffic counts exceeding 37,000 vehicles per day. The site sits within a highly active retail corridor anchored by top national brands and supported by over 31 million annual visits within a 1.5-mile radius. Immediate proximity to major automotive dealerships further reinforces consistent daily traffic to the area. Originally a Sprint location, the property was fully renovated in 2022 at the tenant’s expense following the T-Mobile/Sprint merger, demonstrating continued investment in the site. Additionally, recent capital improvements, including HVAC upgrades, further enhance the asset’s condition. This offering combines strong corporate credit, proven site performance, and a dense infill retail location, making it well-suited for investors seeking stable income today with embedded upside through the upcoming lease rollover.

Contact:

Marcus & Millichap

Property Subtype:

Freestanding

Date on Market:

2025-10-09

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