Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 5150 East Thompson Road (the Property), a 7,000-square-foot Auto Parts Store in which Advance Auto Parts has nearly four years remaining on their double-net lease. The tenant has operated at this location since 2000 and has two, five-year renewal options remaining, with a 12 percent rent increase in the first option and a 4 percent rent increase in the second option to offset inflation. The Property is strategically located near the signalized intersection of two major retail corridors anchored by Kroger, Walmart and Lowe’s, with neighboring retail tenants including McDonald’s, Starbucks, Dairy Queen, Wendy’s and Walgreens. Additionally, the Property is less than one mile south of the entrance to the USS Indianapolis Memorial Highway, where interstates 69, 74 and 465 converge with U.S. highways 31, 36 and 40, providing the tenant with accessibility to over 95,800 daily expressway travelers. The Property is served by the IndyGo 56 and 16 public bus routes and is within a half mile of a new 48,000-square-foot logistics facility belonging to Swiss automation technology company Endress+Hauser.