Listed by Veritas Realty
$899,000
Auto Mechanic Pro
Details
Property Type Industrial, Retail
Sub Type Auto Shop
Square Footage 8,200
Units 1
Cap Rate 9.71%
NOI $87,264
Occupancy 100%
Tenancy Single
Brand/Tenant Auto Mechanic Pro
Lease Type NN+
Lease Term 7.1
Lease Expiration 03/31/2028
Remaining Term 1.8
Price per SqFt $110
Year Built 1970
Acreage 0.310
Investment Type Stabilized
Lease Commencement 03/12/2021
1523 East Epler Ave, Indianapolis, IN
Marketing description
Single-Tenant Automotive Property leased to Auto Mechanic Pro, an established and locally operated repair shop
Tenant Responsibilities – Reimburses for CAM, Taxes, and Insurance, while handling HVAC and parking lot maintenance
Below-Market Rent with built-in increases until expiration in March of 2028
Strong Local Presence – Auto Mechanic Pro is highly rated with 5.0 stars on Google and a loyal repeat customer base
Accessible Southside Location along Epler Avenue near U.S. 31 (35,000+ VPD) and major retailers including Kroger, McDonalds, Arby’s, and Great Clips
Proximity to Key Trade Area Anchors – Minutes from Southport High School and Grade School, the University of Indianapolis, and I-465 interchange
Listing Contacts
Listed by Veritas Realty
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$87,264.00
$7,272.00/mo
Valuation Metrics
0
DSCR
9.71%
Cap Rate
9.71%
ROI
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