219 N Walnut St - Auto Repair FOR SALE


Hartford City, IN 47348
$738,462 USD
916-995-3298
219 N Walnut St, Hartford City, IN for Sale
$738,462 USD
Auto Repair - FOR SALE
1/4
null | 6.5% Cap Rate

219 N Walnut St
Hartford City, IN 47348


HIGHLIGHTS

  • 14 year absolute triple net lease secured by seasoned Meineke franchisee operator
  • Newly Renovated building with $150k in capex contributed by tenant in 2023
  • Hands-on operator with all stores within 90 minutes of each other; Established 17 Multi-Unit Franchisee in Indianapolis MSA
  • Centrally Located along Hart Ford City’s primary North-South thoroughfare; Direct Residential Customer Base immediately surrounding property
  • High-density retail hub: Over 20 national tenants including McDonald's, CVS, Taco Bell, and Save A Lot
  • Hartford City is a strategic midway point between Indianapolis and Fort Wayne

OVERVIEW

Part of a 2-Property Portfolio: Meineke – Hartford City, this property features a 14-year absolute triple net lease secured by an experienced Meineke franchisee operator, with a newly renovated building benefiting from $150,000 in tenant-contributed capital expenditures in 2023. The hands-on operator manages all stores within 90 minutes of each other and is an established multi-unit franchisee with 17 locations in the Indianapolis MSA. The unit has demonstrated strong performance since its grand opening in April 2023, with further details available upon inquiry with the broker.

FOR SALE DETAILS

PRICE

$738,462 USD

PRICE/SF

$123 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke Service Center - Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,261 SF

ZONING

ZO01

APN/PARCEL ID

05-03-10-404-061-000-006

ASK ABOUT THIS PROPERTY

Marc MerchantCentury Partners Real Estate Inc.More Info
916-995-3298

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Marc MerchantCentury Partners Real Estate Inc.More Info
916-995-3298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.