Meineke | 15 Year NNN | Indianapolis
Strong Historical Operating History | 15 Year NNN
Marketing description
Century Partners Real Estate is pleased to present a brand new 15-year absolute NNN lease investment opportunity featuring an established Meineke Car Care Center in Indianapolis, Indiana. The property is strategically located along W 38th Street, a primary commercial corridor with approximately 22,000 vehicles per day, directly across from Meijer and near Home Depot and Target.
This investment offers zero landlord responsibilities under an absolute NNN lease structure, guaranteed by Solvix Auto LLC, the largest Meineke franchisee in the United States operating 56 locations nationwide. The lease features built-in rent escalations of 10% every 5 years and includes four 5-year renewal options, providing long-term income stability and growth potential.
The property benefits from excellent visibility and frontage on a major retail thoroughfare, serving a dense trade area of over 103,000 residents within 3 miles. The location is also proximate to the Indianapolis Motor Speedway, which draws 1.3 million spectators annually, providing additional customer traffic to this established auto service site.
Investment highlights
- Brand New 15 Year Absolute NNN lease with zero landlord responsibilities
- Direct frontage and visibility to approximately 22,000 vehicles daily on W 38th Street
- Established Meineke Car Care Center positioned for long term occupancy
- Guaranteed by Solvix Auto LLC — the largest Meineke franchisee in the United States
- Located along W 38th Street, a primary commercial corridor in west Indianapolis with a daily traffic volume of 22,000 vehicles per day
- Strategic location across from Meijer and proximate to Home Depot and Target
- Dense residential and commercial trade area: over 103,000 residents and 42,000 households within 3 miles
- Proximate to Indianapolis Motor Speedway - drawing 1.3M spectators a year
- Established Meineke auto service site in a supply-constrained west Indianapolis corridor
- Experienced Operator: Solvix Auto LLC operates 56 Meineke locations nationwide, the largest Meineke franchisee in the United States, with plans to expand to 100+ units
- Meineke: Established national auto care brand with 900+ locations, a subsidiary of Driven Brands, Inc.
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