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AutoSavvy 5333 W Pike Plaza Rd 22,938 SF Retail Building Indianapolis, IN 46254 $5,942,765 ($259.08/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Provider of Quality Pre-Owned Vehicles
- Double-Net (NN) Lease with 2% Annual Increases
- Attractive Industry for Investment
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for an AutoSavvy located at 5333 W. Pike Plaza Road, Indianapolis, IN 46254. The site consists of roughly 23,000 rentable square feet of building space on an estimated 4.25-acre parcel of land. This AutoSavvy is subject to a 7-year Double Net (NN) lease, which commenced 3/28/2022. The current annual rent is $445,707 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
22,938 SF
Building Class
C
Year Built
1990
Price
$5,942,765
Price Per SF
$259.08
Cap Rate
7.50%
NOI
$445,707
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
4.26 AC
Opportunity Zone
Yes
Zoning
C5 - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region
Parking
376 Spaces (16.39 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Fenced Lot
- Security System
- Signage
- Accent Lighting
- Storage Space
- Car Charging Station
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-06-18-127-002.000-674 | Improvements Assessment | $580,300 |
| Land Assessment | $580,100 | Total Assessment | $1,160,400 |
PROPERTY TAXES
Parcel Number
49-06-18-127-002.000-674
Land Assessment
$580,100
Improvements Assessment
$580,300
Total Assessment
$1,160,400
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