640 N Wayne St - Auto Repair FOR SALE
Angola, IN 46703 |
$1,771,000 USD
760-642-9942
640 N Wayne St
Angola, IN 46703
HIGHLIGHTS
- Offered at $1,771,000, reflecting a 6.75% cap rate.
- Absolute NNN lease structure with zero landlord responsibilities, providing passive ownership.
- 11+ years of remaining lease term, offering income security. The tenant recently executed an early lease extension.
- Approximately 1.3% annual rent increases provide scheduled income growth and inflation protection throughout the lease term.
- Allied Lube, one of the nation’s largest Jiffy Lube operators with 70+ locations and 30+ years of operating experience.
- Essential, in-person automotive service use that cannot be replicated online, with the quick-lube sector historically demonstrating resilience.
FOR SALE DETAILS
PRICE
$1,771,000 USD
PRICE/SF
$856 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Jiffy Lube
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,780 SF
ZONING
-
APN/PARCEL ID
76-06-26-120-305.000-012
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760-642-9942
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760-642-9942
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