3521 Lafayette Rd - Freestanding FOR SALE


Indianapolis, IN 46222- Eagledale
$912,000 USD
954-400-2748
3521 Lafayette Rd, Indianapolis, IN for Sale
$912,000 USD
Freestanding - FOR SALE
1/5
null | 7.25% Cap Rate

3521 Lafayette Rd
Indianapolis, IN 46222
Eagledale


HIGHLIGHTS

  • 4 Years Remaining | Scheduled Rental Increases | Established Brand
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools | Indianapolis Motor Speedway
  • Near Signalized, Hard Corner Intersection | Interstate 65 | Excellent Visibility
  • Strong Demographics in 5-mile Trade Area | Direct Consumer Base

OVERVIEW

• The tenant currently has 4 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation • As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands

FOR SALE DETAILS

PRICE

$912,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts - Indianapolis IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

C5

APN/PARCEL ID

49-06-20-112-023.000-901

ASK ABOUT THIS PROPERTY

Connor BartonSRS Real Estate PartnersMore Info
954-400-2748

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Connor BartonSRS Real Estate PartnersMore Info
954-400-2748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.