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Meineke | 15 Year NNN | Indianapolis 4905 S Emerson Ave 3,920 SF Retail Building Indianapolis, IN 46203 $1,536,000 ($391.84/SF) 6.25% Cap Rate
Investment Highlights
- Brand-new 15-year absolute NNN lease with zero landlord responsibilities and long-term occupancy backed by the largest Meineke franchisee.
- Strong demographics with $90,450 average household income within 3 miles and over 204,000 residents within 5 miles.
- Prime retail corridor location near Kroger, Walmart Supercenter, Lowe’s, and major national brands with 35,000 vehicles passing daily.
- Occupied by a top-performing Meineke operator, part of a nationally recognized brand with 900+ locations and strong growth plans.
Executive Summary
Investment Highlights
•Brand New 15 Year Absolute NNN with zero landlord responsibilities
•Centrally located in the heart of the retail corridor with dominant anchor tenants: Kroger, Walmart Supercenter, and Lowes
•High Performing location with a top Meineke operator, positioned for long-term occupancy
•Guaranteed by Solvix Auto LLC — the largest Meineke franchisee in the United States
Location Highlights
•Located along S Emerson Avenue, a primary commercial artery in south Indianapolis with a daily traffic volume of 35,000 vehicles per day
•Surrounded by national tenants: Chik Fil A, Chipotle, Panda Express, Verizon, and many others
•Positioned in the Beech Grove/SE County submarket, one of Indianapolis's established southside residential and retail corridors
•Affluent trade area: $90,450 average household income within 3 miles and over 204,000 residents within 5 miles
Tenant Highlights
•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
•Brand New 15 Year Absolute NNN with zero landlord responsibilities
•Centrally located in the heart of the retail corridor with dominant anchor tenants: Kroger, Walmart Supercenter, and Lowes
•High Performing location with a top Meineke operator, positioned for long-term occupancy
•Guaranteed by Solvix Auto LLC — the largest Meineke franchisee in the United States
Location Highlights
•Located along S Emerson Avenue, a primary commercial artery in south Indianapolis with a daily traffic volume of 35,000 vehicles per day
•Surrounded by national tenants: Chik Fil A, Chipotle, Panda Express, Verizon, and many others
•Positioned in the Beech Grove/SE County submarket, one of Indianapolis's established southside residential and retail corridors
•Affluent trade area: $90,450 average household income within 3 miles and over 204,000 residents within 5 miles
Tenant Highlights
•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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,920 SF
Building Class
C
Year Built/Renovated
2009/2021
Price
$1,536,000
Price Per SF
$391.84
Cap Rate
6.25%
NOI
$96,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.51 AC
Zoning
ZO01
Parking
25 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
217’ on S Emerson Ave
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-10-34-133-009.000-300 | Improvements Assessment | $324,700 |
| Land Assessment | $97,800 | Total Assessment | $422,500 |
Property Taxes
Parcel Number
49-10-34-133-009.000-300
Land Assessment
$97,800
Improvements Assessment
$324,700
Total Assessment
$422,500
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Meineke | 15 Year NNN | Indianapolis | 4905 S Emerson Ave
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