Auto Parts
Chihuaz Auto Repair
4501 Lafayette Rd, Indianapolis, IN 46254
Listing Price: $1,916,847
Cap Rate
8.50%
Tenant Name
Chihuaz Auto Repair
Years Remaining On Lease
6.2
Gross SF
7,473
Guarantor
Personal Guarantee
Rentable SF
7,473
Price/Gross SF
$256.50
Lease Type
Absolute Net
Rent Per Square Feet
$20.23
Investment Overview
Marcus & Millichap is pleased to present for sale a single-tenant net lease investment opportunity located in Indianapolis, IN.
Chihuaz Auto Repair
Investment Highlights
- Single Tenant Net Lease Investment Opportunity Outparcel to High Foot Traffic Walmart Supercenter
- Landlord Recapture Right | Provides Future Flexibility for Repositioning or Redevelopment
- Signalized Hard Corner with Full Access | Prominent Location at the Walmart Entrance | Large Pylon Signage
- Excellent Visibility | ±18,000 Vehicles Per Day Along Lafayette Rd Corridor
- Modest Replaceable Rent | Low Price Entry Point | Landlord Friendly NNN Lease | CPI or 5% Annual Rent Increases
- 1.40-Acre Parcel | Flexible Zoning for Future Uses Multiple Ingress/Egress Access Points
- Established Retail Corridor | Surrounded by National Brands and Service Retailers
- Indianapolis Growth Market | Positioned in Expanding Metro with Robust Population Base
Listing Price: $1,916,847
Cap Rate
8.50%
Tenant Name
Chihuaz Auto Repair
Years Remaining On Lease
6.2
Gross SF
7,473
Guarantor
Personal Guarantee
Rentable SF
7,473
Price/Gross SF
$256.50
Lease Type
Absolute Net
Rent Per Square Feet
$20.23
Investment Highlights
- Single Tenant Net Lease Investment Opportunity Outparcel to High Foot Traffic Walmart Supercenter
- Landlord Recapture Right | Provides Future Flexibility for Repositioning or Redevelopment
- Signalized Hard Corner with Full Access | Prominent Location at the Walmart Entrance | Large Pylon Signage
- Excellent Visibility | ±18,000 Vehicles Per Day Along Lafayette Rd Corridor
- Modest Replaceable Rent | Low Price Entry Point | Landlord Friendly NNN Lease | CPI or 5% Annual Rent Increases
- 1.40-Acre Parcel | Flexible Zoning for Future Uses Multiple Ingress/Egress Access Points
- Established Retail Corridor | Surrounded by National Brands and Service Retailers
- Indianapolis Growth Market | Positioned in Expanding Metro with Robust Population Base
Investment Overview
Marcus & Millichap is pleased to present for sale a single-tenant net lease investment opportunity located in Indianapolis, IN.
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