5323 W 38th St - Auto Repair FOR SALE


Indianapolis, IN 46254- Eagledale
$1,536,000 USD
916-995-3298
5323 W 38th St, Indianapolis, IN for Sale
$1,536,000 USD
Auto Repair - FOR SALE
1/9
null | 6.25% Cap Rate

5323 W 38th St
Indianapolis, IN 46254
Eagledale


HIGHLIGHTS

  • Brand-new 15-year Absolute NNN lease with zero landlord responsibilities and 22,000 VPD frontage.
  • Prime W 38th Street location with 22,000 VPD, across from Meijer and near Home Depot and Target.
  • Dense trade area with 103,000+ residents, near Indianapolis Motor Speedway attracting 1.3M annual visitors.
  • Largest U.S. Meineke franchisee operating 56 locations, backed by an established national brand with 900+ locations.

OVERVIEW

Brand New 15 Year Absolute NNN Lease High Performing Location across from Meijer Guaranteed by the Largest Meineke Franchisee (56 Units) Excellent Visibility & Frontage on W 38th Street Centrally Located in Retail Corridor surrounded by National Tenants Investment Highlights •Brand New 15 Year Absolute NNN lease with zero landlord responsibilities •Direct frontage and visibility to approximately 22,000 vehicles daily on W 38th Street •Established Meineke Car Care Center positioned for long term occupancy •Guaranteed by Solvix Auto LLC — the largest Meineke franchisee in the United States Location Highlights •Located along W 38th Street, a primary commercial corridor in west Indianapolis with a daily traffic volume of 22,000 vehicles per day •Strategic location across from Meijer and proximate to Home Depot and Target •Dense residential and commercial trade area: over 103,000 residents and 42,000 households within 3 miles •Proximate to Indianapolis Motor Speedway - drawing 1.3M spectators a year •Established Meineke auto service site in a supply-constrained west Indianapolis corridor 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

$499 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

BC

APN/PARCEL ID

49-05-24-101-029.000-901

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.