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4250 W 38th St
Indianapolis, IN 46254
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Single Tenant Net Lease Investment Opportunity No Landlord Responsibilities
- Landlord-Controlled Renewal Option | Investor Maintains Full Control Over Lease Extension Tenant Cannot Decline Renewal
- Recent Capital Improvements: Roof (15-Yr Warranty), HVAC, Water Heater, Parking Lot, Windows
- Landlord Recapture Right | Provides Future Flexibility for Repositioning or Redevelopment
- Modest Replaceable Rent | Low Price Entry Point Landlord Friendly NNN Lease CPI or 5% Annual Rent Increases
- Excellent Visibility | ±20,000 Vehicles Per Day Along W 38th Street
EXECUTIVE SUMMARY
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the par ty receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject proper ty. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject proper ty, the future projected financial performance of the proper ty, the size and square footage of the proper ty and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject proper ty. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,600 SF
Building Class
C
Year Built/Renovated
1983/2022
Price
$1,995,111 CAD
Price Per SF
$207.82 CAD
Cap Rate
9%
NOI
$179,560 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.79 AC
Opportunity Zone
Yes
Zoning
C4
Parking
39 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
161’ on W 38th St
AMENITIES
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 49-06-17-102-013.000-674 | Improvements Assessment | $148,061 CAD |
| Land Assessment | $135,527 CAD | Total Assessment | $283,588 CAD |
PROPERTY TAXES
Parcel Number
49-06-17-102-013.000-674
Land Assessment
$135,527 CAD
Improvements Assessment
$148,061 CAD
Total Assessment
$283,588 CAD
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