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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

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

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

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

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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