Investment Overview

Marcus & Millichap is pleased to present to market the Indy DriveCo Testing Site located at 5052 West 38th Street, Indianapolis, Indiana on the City’s west side. The Subject Property is a 7.32 acre site located on the north side of West 38th Street – one of Indianapolis’ most heavily trafficked and densely commercialized corridors – less than one mile west of Interstate 65 and less than two miles east of Interstate 465 on the west side of Indianapolis. The site is being leased on a brand-new five-year lease to EFC Trade, Inc d/b/a DriveCo which is using the site as a CDL trucking school testing site to help service its growing demand in the market. Location / Submarket: The Indy DriveCo Testing Site is situated on the north side of West 38th Street with tremendous access as it is directly between Interstate 465 which surrounds the City of Indianapolis and the interchange of Interstate 65 which connects to Chicago to the north and thru downtown Indianapolis to Louisville, Kentucky to the south. The Subject Property is an incredibly rare undeveloped 7+ acre commercial site with a CS zoning (Commercial Special, designed for flexible potential uses) located in a major commercial corridor and is also in a qualified Opportunity Zone. There are a substantial amount of amenities within immediate proximity to the site including retail, fast-service restaurants, hotels, convenience stores, with a lot of proposed and planned redevelopments surrounding this Property due to the tremendous access and growing demand in the area. Tenant: EFC TradeCo, doing business as DriveCo CDL, was established in 1990 in Gary, Indiana about two hours north of Indianapolis along Interstate 65 just outside of Chicago, IL. DriveCo CDL Learning Centers offer Class A CDL Training, CDL Refresher Courses, & Private Company CDL Training programs in Gary, LaPorte, Dubois County, Evansville and Indianapolis, Indiana. Each campus location offers hands-on training and classroom instruction to better prepare students to take and obtain a Commercial Driver's License. They currently have six locations scattered around the State of Indiana that offer classroom training and teaching with now only two locations around the State that offer on-site training as the Subject Property is utilized for. Why The Indy DriveCo Testing Site? The Indy DriveCo Testing site at 5052 West 38th Street is one of the very rare opportunities for an Investor to acquire a 7+ acre commercial site located in a Qualified Opportunity Zone along one of the major commercial corridors of Indianapolis that is secured by a brand-new five-year NNN lease to an established company accredited by the State of Indiana. The Subject Property offers completely passive in-place cash flow for 5+ years with tremendous upside potential in the ability to develop the site into almost any use due to its extremely flexible CS zoning.