4105 E Washington St - Freestanding FOR SALE


Indianapolis, IN 46201
$1,140,027 USD
812-320-8483
4105 E Washington St, Indianapolis, IN for Sale
$1,140,027 USD
Freestanding - FOR SALE
1/4
null | 7.2% Cap Rate

4105 E Washington St
Indianapolis, IN 46201


HIGHLIGHTS

  • Tenant Just Showed Commitment to Site by Extending the Lease with a 20% Rental Increase | ~5 Years Remaining on NN Lease with Corporate Guaranty
  • Below-Market Rent | Recession-Proof Tenant
  • 4.5 Miles from Indianapolis City Center | 2 Miles from I-70 (130,240 VPD) | 5-Mile Daytime Population is 385,931

OVERVIEW

~5 Years Remaining on NN Lease with Corporate Guaranty | One Five-Year Option Remaining | Tenant Just Showed Commitment to Site by Extending the Lease with a 20% Rental Increase Below-Market Rent | Recession-Proof Tenant Four and a Half Miles from Downtown Indianapolis | Frontage on E Washington Street Near the Signalized Intersection at Sherman Drive (Combined VPD 30,140) | Located in Dense Residential Area with a Five-Mile Population of 241,727 and Five-Mile Daytime Population of 385,931 | Two Miles from I-70 (130,240 VPD) Nearby Retailers Include Save A Lot, CVS Pharmacy, Citgo, Popeye’s, Taco Bell, Dollar Tree, Wendy’s, Ross Dress For Less, Kroger, Little Caesars Pizza, Subway, GameStop, Wingstop, Hardee’s and White Castle | Near New USPS “Mega-Center”, a 1.2 Million Square Foot Mail Distribution Facility Near 16-Acre Irvington Plaza Redevelopment – Being Considered as the Site of the New Indiana Sports Hall of Fame One Mile From the New Marion County Community Justice Center with 2,000 Employees | 140-Acre, $590 Million Redevelopment Featuring New Courts, a New Assessment and Intervention Center, New Sheriff’s Office, and a Jail Complex, Also the Relocation Site for the Marion County Public Defender Agency Indianapolis is the 16th Largest City in the United States | Indiana was Ranked as the Best State to Start a Business by Forbes in 2023 | Venture Investments in the Indianapolis MSA Surpassed $1 Billion for the Second Consecutive Year in 2023 | Eli Lilly Invested $3.7 Billion in a Manufacturing Facility, Bringing over 2,500 New Jobs

FOR SALE DETAILS

PRICE

$1,140,027 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts | Recession-Proof Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

C-1

APN/PARCEL ID

49-10-04-115-001.000-101

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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