Jiffy Lube NNN Property For Sale — Indianapolis, IN
Washington Street, Indianapolis, IN
This Jiffy Lube property is a premier single-tenant absolute triple net lease investment opportunity in Indianapolis, Indiana. The lease features a 15-year term commencing upon the close of escrow, offering a low rent-to-sales ratio and zero landlord responsibilities. The lease is guaranteed by Hoosier Automotive, an experienced 28-unit operator. The property benefits from 10% rental escalations every five years throughout the primary term and four 5-year renewal options. This location is also a Multicare site, providing a variety of automotive services beyond oil changes. The 2,170 square foot building is strategically positioned along Washington Street, a major thoroughfare with high traffic volume, providing excellent visibility and accessibility. It is blocks from Washington Square Ma…
- Address: Washington Street, Indianapolis, IN
- Asking price $2.11M
- 5.40% cap rate
- NOI $114,000
- 15 years remaining
- NNN lease
- Year built: 1992
- Building size: 2,170 SF
- Lot size: 0.62 acres
- Rent increases: 10% rental escalations every five years
- Guarantor: Corporate
Location
This Jiffy Lube property is at Washington Street in Indianapolis, Indiana.
Asset type: Automotive Service