8410 E Washington St - Auto Repair FOR SALE


Indianapolis, IN 46219- East Warren
$960,000 USD
916-995-3298
8410 E Washington St, Indianapolis, IN for Sale
$960,000 USD
Auto Repair - FOR SALE
1/5
null | 6.25% Cap Rate

8410 E Washington St
Indianapolis, IN 46219
East Warren


HIGHLIGHTS

  • Brand-new 15-year absolute NNN lease with zero landlord responsibilities, backed by the largest U.S. Meineke franchisee.
  • Prime US-40 frontage with visibility to 34,000 vehicles daily, near the I-465 interchange in Indianapolis.
  • Established Meineke location in a dense trade area, serving nearly 192,000 residents within a 5-mile radius.

OVERVIEW

Brand New 15 Year Absolute NNN Lease Guaranteed by the Largest Meineke Franchisee (56 Units) Excellent Visibility & Frontage on Primary East-West Thoroughfare Direct access to the Interstate 465 Investment Highlights •Brand New 15 Year Absolute NNN Lease with zero landlord responsibilities •Direct frontage and visibility to approximately 34,000 vehicles daily on E Washington Street (US Route 40) •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 •US-40 / E Washington Street connects downtown Indianapolis to the eastern suburbs, supporting consistent daily traffic volumes •Positioned near the I-465 interchange at E Washington Street, providing direct regional connectivity across the Indianapolis metro •Dense Indianapolis trade area with 59,790 residents within 3 miles and nearly 192,000 within 5 miles •Established Meineke auto service site on a primary Indianapolis east-west arterial. Tenant Highlights •Experienced Operator and Guarantor: 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

$960,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke | 15 Year | Low Price Point

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C

APN/PARCEL ID

49-09-06-113-135.000-700

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.