4905 S Emerson Ave - Auto Repair FOR SALE


Indianapolis, IN 46203- South Emerson
$1,536,000 USD
916-995-3298
4905 S Emerson Ave, Indianapolis, IN for Sale
$1,536,000 USD
Auto Repair - FOR SALE
1/5
null | 6.25% Cap Rate

4905 S Emerson Ave
Indianapolis, IN 46203
South Emerson


HIGHLIGHTS

  • Brand-new 15-year absolute NNN lease with zero landlord responsibilities and long-term occupancy backed by the largest Meineke franchisee.
  • Prime retail corridor location near Kroger, Walmart Supercenter, Lowe’s, and major national brands with 35,000 vehicles passing daily.
  • Strong demographics with $90,450 average household income within 3 miles and over 204,000 residents within 5 miles.
  • Occupied by a top-performing Meineke operator, part of a nationally recognized brand with 900+ locations and strong growth plans.

OVERVIEW

Investment Highlights •Brand New 15 Year Absolute NNN with zero landlord responsibilities •Centrally located in the heart of the retail corridor with dominant anchor tenants: Kroger, Walmart Supercenter, and Lowes •High Performing location with a top Meineke operator, positioned for long-term occupancy •Guaranteed by Solvix Auto LLC — the largest Meineke franchisee in the United States Location Highlights •Located along S Emerson Avenue, a primary commercial artery in south Indianapolis with a daily traffic volume of 35,000 vehicles per day •Surrounded by national tenants: Chik Fil A, Chipotle, Panda Express, Verizon, and many others •Positioned in the Beech Grove/SE County submarket, one of Indianapolis's established southside residential and retail corridors •Affluent trade area: $90,450 average household income within 3 miles and over 204,000 residents within 5 miles Tenant Highlights •Experienced Operator: Solvix Auto LLC operates 56 Meineke locations nationwide, the largest Meineke franchisee in the United States, with plans to expand to 100+ units •Meineke: Established national auto care brand with 900+ locations, a subsidiary of Driven Brands, Inc

FOR SALE DETAILS

PRICE

$1,536,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke | 15 Year NNN | Indianapolis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

ZO01

APN/PARCEL ID

49-10-34-133-009.000-300

ASK ABOUT THIS PROPERTY

Marc MerchantCentury Partners Real Estate Inc.More Info
916-995-3298

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Marc MerchantCentury Partners Real Estate Inc.More Info
916-995-3298

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