Net Lease
FleetPride - Below Market Rents - Bordering Downtown Indianapolis
1140 S West St, Indianapolis, IN 46225
Listing Price: $1,775,000
Cap Rate
7.00%
Lot Size
1.57 acres
Year Built
1973
Rentable SF
40,000
Investment Overview
The only FleetPride location in the Indianapolis metro area
FleetPride - Below Market Rents - Bordering Downtown Indianapolis
Investment Highlights
- Robust infill location – bordering downtown Indianapolis
- Located one block from Interstate-70 ramps, connecting Indianapolis to St. Louis, Columbus, Denver, and Baltimore
- Nation's Largest Distributor of Truck-Trailer Parts and Services with over 300+ Locations
- Strong demographics: 235,000 population within 5 miles of the property
- Significant upside in future rents, the current rent is 50% below market and will change to Fair Market Rent in 2029
- 40,000 square foot building with extra vacant parcels included in the offering
- Double Net Lease – Minimal landlord responsibilities, ideal for an investor not local to the market
- Long term corporate tenant, FleetPride has occupied the space for 13 years
Exclusively Listed By
Broker of Record
Financing By
Net Lease
FleetPride - Below Market Rents - Bordering Downtown Indianapolis
Listing Price: $1,775,000
Cap Rate
7.00%
Lot Size
1.57 acres
Year Built
1973
Rentable SF
40,000
Investment Highlights
- Robust infill location – bordering downtown Indianapolis
- Located one block from Interstate-70 ramps, connecting Indianapolis to St. Louis, Columbus, Denver, and Baltimore
- Nation's Largest Distributor of Truck-Trailer Parts and Services with over 300+ Locations
- Strong demographics: 235,000 population within 5 miles of the property
- Significant upside in future rents, the current rent is 50% below market and will change to Fair Market Rent in 2029
- 40,000 square foot building with extra vacant parcels included in the offering
- Double Net Lease – Minimal landlord responsibilities, ideal for an investor not local to the market
- Long term corporate tenant, FleetPride has occupied the space for 13 years
Investment Overview
The only FleetPride location in the Indianapolis metro area
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
Financing By
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