Auto Parts
Chihuaz Auto Repair
4250 W 38th St, Indianapolis, IN 46254
Listing Price: $1,533,769
Cap Rate
8.50%
Tenant Name
Chihuaz Auto Repair
Years Remaining On Lease
4.5
Gross SF
9,600
Guarantor
Personal Guarantee
Rentable SF
9,600
Price/Gross SF
$159.77
Lease Type
Absolute Net
Rent Per Square Feet
$12.60
Investment Overview
Marcus & Millichap is pleased to present for sale Chihuaz Auto Repair located in Indianapolis, IN.
Chihuaz Auto Repair
Investment Highlights
- Single Tenant Net Lease Investment Opportunity | No Landlord Responsibilities
- Landlord Recapture Right | Provides Future Flexibility for Repositioning or Redevelopment
- Landlord-Controlled Renewal Option | Investor Maintains Full Control Over Lease Extension Tenant Cannot Decline Renewal
- Modest Replaceable Rent | Low Price Entry Point Landlord Friendly NNN Lease | CPI or 5% Annual Rent Increases
- Recent Capital Improvements: Roof (15-Yr Warranty), HVAC, Water Heater, Parking Lot, Windows
- Excellent Visibility | ±20,000 Vehicles Per Day Along W 38th Street
- Established Retail Corridor | Near Signalized Intersection of Lafayette Road & W 38th St
Listing Price: $1,533,769
Cap Rate
8.50%
Tenant Name
Chihuaz Auto Repair
Years Remaining On Lease
4.5
Gross SF
9,600
Guarantor
Personal Guarantee
Rentable SF
9,600
Price/Gross SF
$159.77
Lease Type
Absolute Net
Rent Per Square Feet
$12.60
Investment Highlights
- Single Tenant Net Lease Investment Opportunity | No Landlord Responsibilities
- Landlord Recapture Right | Provides Future Flexibility for Repositioning or Redevelopment
- Landlord-Controlled Renewal Option | Investor Maintains Full Control Over Lease Extension Tenant Cannot Decline Renewal
- Modest Replaceable Rent | Low Price Entry Point Landlord Friendly NNN Lease | CPI or 5% Annual Rent Increases
- Recent Capital Improvements: Roof (15-Yr Warranty), HVAC, Water Heater, Parking Lot, Windows
- Excellent Visibility | ±20,000 Vehicles Per Day Along W 38th Street
- Established Retail Corridor | Near Signalized Intersection of Lafayette Road & W 38th St
Investment Overview
Marcus & Millichap is pleased to present for sale Chihuaz Auto Repair located in Indianapolis, IN.
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