4250 W 38th St - Auto Repair FOR SALE


Indianapolis, IN 46254- International Market Place
$1,448,556 USD
312-543-0090
4250 W 38th St, Indianapolis, IN for Sale
$1,448,556 USD
Auto Repair - FOR SALE
1/9
null | 9% Cap Rate

4250 W 38th St
Indianapolis, IN 46254
International Market Place


HIGHLIGHTS

  • Single Tenant Net Lease Investment Opportunity No Landlord Responsibilities
  • Landlord Recapture Right | Provides Future Flexibility for Repositioning or Redevelopment
  • Landlord-Controlled Renewal Option | Investor Maintains Full Control Over Lease Extension Tenant Cannot Decline Renewal
  • Modest Replaceable Rent | Low Price Entry Point Landlord Friendly NNN Lease CPI or 5% Annual Rent Increases
  • Recent Capital Improvements: Roof (15-Yr Warranty), HVAC, Water Heater, Parking Lot, Windows
  • Excellent Visibility | ±20,000 Vehicles Per Day Along W 38th Street

OVERVIEW

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the par ty receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject proper ty. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject proper ty, the future projected financial performance of the proper ty, the size and square footage of the proper ty and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject proper ty. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

FOR SALE DETAILS

PRICE

$1,448,556 USD

PRICE/SF

$151 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C4

APN/PARCEL ID

49-06-17-102-013.000-674

ASK ABOUT THIS PROPERTY

Andrew MarguliesMarcus & MillichapMore Info
312-543-0090

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Andrew MarguliesMarcus & MillichapMore Info
312-543-0090

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