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1523 E Epler Ave 8,200 SF Retail Building Indianapolis, IN 46227 $969,600 ($118.24/SF) 9% Cap Rate
EXECUTIVE SUMMARY
- 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
- 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
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,200 SF
Building Class
C
Year Built
1970
Price
$969,600
Price Per SF
$118.24
Cap Rate
9%
NOI
$87,264
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.31 AC
Zoning
C5
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-15-06-116-008.000-500 | Improvements Assessment | $89,900 |
| Land Assessment | $29,900 | Total Assessment | $119,800 |
PROPERTY TAXES
Parcel Number
49-15-06-116-008.000-500
Land Assessment
$29,900
Improvements Assessment
$89,900
Total Assessment
$119,800
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