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Auto Parts

Advance Auto Parts

4105 E Washington St, Indianapolis, IN 46201

Listing Price: $1,140,027

Cap Rate
7.20%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.0
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$162.86
Lease Type
Double Net
Rent Per Square Feet
$11.73

Investment Overview

Frontage on E Washington Street Near the Signalized Intersection at Sherman Drive (Combined VPD 30,140) | Located in Dense Residential Area with a Five-Mile Population of 241,727 and Five-Mile Daytime Population of 385,931 | Two Miles from I-70 (130,240 VPD)

Nearby Retailers Include Save A Lot, CVS Pharmacy, Citgo, Popeye’s, Taco Bell, Dollar Tree, Wendy’s, Ross Dress For Less, Kroger, Little Caesars Pizza, Subway, GameStop, Wingstop, Hardee’s and White Castle | Near New USPS “Mega-Center”, a 1.2 Million Square Foot Mail Distribution Facility

Near 16-Acre Irvington Plaza Redevelopment – Being Considered as the Site of the New Indiana Sports Hall of Fame

One Mile From the New Marion County Community Justice Center with 2,000 Employees | 140-Acre, $590 Million Redevelopment Featuring New Courts, a New Assessment and Intervention Center, New Sheriff’s Office, and a Jail Complex, Also the Relocation Site for the Marion County Public Defender Agency

Indianapolis is the 16th Largest City in the United States | Indiana was Ranked as the Best State to Start a Business by Forbes in 2023 | Venture Investments in the Indianapolis MSA Surpassed $1 Billion for the Second Consecutive Year in 2023 | Eli Lilly Invested $3.7 Billion in a Manufacturing Facility, Bringing over 2,500 New Jobs

Investment Highlights

  • 4.5 Miles from Indianapolis City Center
  • Tenant Just Showed Commitment to Site By Extending the Lease with a 20% Rental Increase | One Five-Year Option Remaining | ~Five Years Remaining on an NN Lease with Corporate Guaranty
  • Below-Market Rent | Recession-Proof Tenant

Exclusively Listed By

Auto Parts

Advance Auto Parts

Listing Price: $1,140,027

Cap Rate
7.20%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.0
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$162.86
Lease Type
Double Net
Rent Per Square Feet
$11.73

Investment Highlights

  • 4.5 Miles from Indianapolis City Center
  • Tenant Just Showed Commitment to Site By Extending the Lease with a 20% Rental Increase | One Five-Year Option Remaining | ~Five Years Remaining on an NN Lease with Corporate Guaranty
  • Below-Market Rent | Recession-Proof Tenant

Investment Overview

Frontage on E Washington Street Near the Signalized Intersection at Sherman Drive (Combined VPD 30,140) | Located in Dense Residential Area with a Five-Mile Population of 241,727 and Five-Mile Daytime Population of 385,931 | Two Miles from I-70 (130,240 VPD) Nearby Retailers Include Save A Lot, CVS Pharmacy, Citgo, Popeye’s, Taco Bell, Dollar Tree, Wendy’s, Ross Dress For Less, Kroger, Little Caesars Pizza, Subway, GameStop, Wingstop, Hardee’s and White Castle | Near New USPS “Mega-Center”, a 1.2 Million Square Foot Mail Distribution Facility Near 16-Acre Irvington Plaza Redevelopment – Being Considered as the Site of the New Indiana Sports Hall of Fame One Mile From the New Marion County Community Justice Center with 2,000 Employees | 140-Acre, $590 Million Redevelopment Featuring New Courts, a New Assessment and Intervention Center, New Sheriff’s Office, and a Jail Complex, Also the Relocation Site for the Marion County Public Defender Agency Indianapolis is the 16th Largest City in the United States | Indiana was Ranked as the Best State to Start a Business by Forbes in 2023 | Venture Investments in the Indianapolis MSA Surpassed $1 Billion for the Second Consecutive Year in 2023 | Eli Lilly Invested $3.7 Billion in a Manufacturing Facility, Bringing over 2,500 New Jobs

Exclusively Listed By

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