8579 Michigan Rd - Auto Repair FOR SALE


Indianapolis, IN 46268- Augusta
$1,728,000 USD
469-604-8681
8579 Michigan Rd, Indianapolis, IN for Sale
$1,728,000 USD
Auto Repair - FOR SALE
1/1
null | 6.25% Cap Rate

8579 Michigan Rd
Indianapolis, IN 46268
Augusta


HIGHLIGHTS

  • Recent 10-Year Lease Extension; Tenant Showing Strong Commitment to This Location
  • Walmart Outparcel; Xpress Pro Tire & Auto With 7+ Years Remaining in Primary Term
  • Extremely Busy Intersection With Combined Vehicles Per Day 75,500+
  • Limited Landlord Responsibilities - Roof & Structure Only
  • Attractive 10% Rental Increase In The Primary Term
  • 4 Double Bay (8 Total Bays) Auto Shop

FOR SALE DETAILS

PRICE

$1,728,000 USD

PRICE/SF

$349 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Xpress Pro Tire & Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

ZO01

APN/PARCEL ID

49-03-20-120-020.000-600

ASK ABOUT THIS PROPERTY

Matthew KivnaniHunington Properties, Inc.More Info
469-604-8681

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Matthew KivnaniHunington Properties, Inc.More Info
469-604-8681

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