Log In/Sign Up
Your email has been sent.
Meineke 4706 N Keystone Ave 4,831 SF Retail Building Indianapolis, IN 46205 $1,983,664 CAD ($410.61 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Guaranteed by award winning 39 Unit Operator with plans to expand to 100+ units
- Strong population demographics of 10,000 in the 1-mile and 103,100 in the 3-mile
- 10% rental increases every five years, driving strong long-term income growth
- Property is strategically positioned near the corner of N Keystone Ave and E 46th St boasting a combined count of 55,000 vehicles per day
- Lease is guaranteed through November 2045, offering almost 20 years of secure income and long-term stability
- Tenant is responsible for roof, parking lot, HVAC, utilities, taxes, insurance (Zero Landlord Responsibilities)
Executive Summary
New 20 year Absolute NNN lease executed in 2025
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,831 SF
Building Class
B
Year Built
1963
Price
$1,983,664 CAD
Price Per SF
$410.61 CAD
Cap Rate
6.50%
NOI
$128,938 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.79
Lot Size
0.14 AC
Zoning
ZO01
Parking
10 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
52’ on N Keystone Ave
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $137,831 CAD | |
| Land Assessment | $73,002 CAD | Total Assessment | $210,834 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$73,002 CAD
Improvements Assessment
$137,831 CAD
Total Assessment
$210,834 CAD
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Meineke | 4706 N Keystone Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.