Meineke | 15 Year NNN | Indianapolis
Strong Historical Operating History | 15 Year NN
Indianapolis, Indiana
$1,536,000
Price
6.25%
Cap Rate
$96,000
NOI
Century Partners Real Estate is pleased to present a brand new 15-year absolute NNN lease investment opportunity featuring an established Meineke Car Care Center in Indianapolis, Indiana. The property is strategically located along W 38th Street, a primary commercial corridor with approximately 22,000 vehicles per day, directly across from Meijer and near Home Depot and Target.
This investment offers zero landlord responsibilities under an absolute NNN lease structure, guaranteed by Solvix Auto LLC, the largest Meineke franchisee in the United States operating 56 locations nationwide. The lease features built-in rent escalations of 10% every 5 years and includes four 5-year renewal options, providing long-term income stability and growth potential.
The property benefits from excellent visibility and frontage on a major retail thoroughfare, serving a dense trade area of over 103,000 residents within 3 miles. The location is also proximate to the Indianapolis Motor Speedway, which draws 1.3 million spectators annually, providing additional customer traffic to this established auto service site.
Advisors
The information contained in this website is provided by Century Partners Real Estate, Inc. (Century Partners) for general purposes only. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or information, services, or relate graphics contained on the website for any purpose. Individual results may vary, and case studies or testimonials provided on the website are not claimed to represent the results you will achieve. Any reliance you place on such information is therefore strictly at your own risk. The use of this website or submission of any forms for communication with Century Partners or any Century Partners personnel does not establish a broker/agency relationship in the absence of a fully signed written contract. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.