$1,432,000 USD
248-324-2000
4706 N Keystone Ave
Indianapolis, IN 46205
Fairgrounds
HIGHLIGHTS
- Guaranteed by award winning 39 Unit Operator with plans to expand to 100+ units
- Property is strategically positioned near the corner of N Keystone Ave and E 46th St boasting a combined count of 55,000 vehicles per day
- Strong population demographics of 10,000 in the 1-mile and 103,100 in the 3-mile
- Lease is guaranteed through November 2045, offering almost 20 years of secure income and long-term stability
- 10% rental increases every five years, driving strong long-term income growth
- Tenant is responsible for roof, parking lot, HVAC, utilities, taxes, insurance (Zero Landlord Responsibilities)
FOR SALE DETAILS
PRICE
$1,432,000 USD
PRICE/SF
$296 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Meineke
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1963
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,098 SF
ZONING
ZO01
APN/PARCEL ID
49-07-07-139-913.000-801,49-07-07-139-914.000-801
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248-324-2000
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248-324-2000
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