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Meineke | 15 Year | Low Price Point 8410 E Washington St 2,730 SF Retail Building Indianapolis, IN 46219 $1,350,720 CAD ($494.77 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Brand-new 15-year absolute NNN lease with zero landlord responsibilities, backed by the largest U.S. Meineke franchisee.
- Established Meineke location in a dense trade area, serving nearly 192,000 residents within a 5-mile radius.
- Prime US-40 frontage with visibility to 34,000 vehicles daily, near the I-465 interchange in Indianapolis.
Executive Summary
Brand New 15 Year Absolute NNN Lease
Guaranteed by the Largest Meineke Franchisee (56 Units)
Excellent Visibility & Frontage on Primary East-West Thoroughfare
Direct access to the Interstate 465
Investment Highlights
•Brand New 15 Year Absolute NNN Lease with zero landlord responsibilities
•Direct frontage and visibility to approximately 34,000 vehicles daily on E Washington Street (US Route 40)
•Established Meineke Car Care Center positioned for long-term occupancy
•Guaranteed by Solvix Auto LLC — the largest Meineke franchisee in the United States
Location Highlights
•US-40 / E Washington Street connects downtown Indianapolis to the eastern suburbs, supporting consistent daily traffic volumes
•Positioned near the I-465 interchange at E Washington Street, providing direct regional connectivity across the Indianapolis metro
•Dense Indianapolis trade area with 59,790 residents within 3 miles and nearly 192,000 within 5 miles
•Established Meineke auto service site on a primary Indianapolis east-west arterial.
Tenant Highlights
•Experienced Operator and Guarantor: 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.
Guaranteed by the Largest Meineke Franchisee (56 Units)
Excellent Visibility & Frontage on Primary East-West Thoroughfare
Direct access to the Interstate 465
Investment Highlights
•Brand New 15 Year Absolute NNN Lease with zero landlord responsibilities
•Direct frontage and visibility to approximately 34,000 vehicles daily on E Washington Street (US Route 40)
•Established Meineke Car Care Center positioned for long-term occupancy
•Guaranteed by Solvix Auto LLC — the largest Meineke franchisee in the United States
Location Highlights
•US-40 / E Washington Street connects downtown Indianapolis to the eastern suburbs, supporting consistent daily traffic volumes
•Positioned near the I-465 interchange at E Washington Street, providing direct regional connectivity across the Indianapolis metro
•Dense Indianapolis trade area with 59,790 residents within 3 miles and nearly 192,000 within 5 miles
•Established Meineke auto service site on a primary Indianapolis east-west arterial.
Tenant Highlights
•Experienced Operator and Guarantor: 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
2,730 SF
Building Class
C
Year Built
1978
Price
$1,350,720 CAD
Price Per SF
$494.77 CAD
Cap Rate
6.25%
NOI
$84,420 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.46 AC
Zoning
C
Parking
10 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
95’ on E Washington St
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-09-06-113-135.000-700 | Improvements Assessment | $213,234 CAD |
| Land Assessment | $123,931 CAD | Total Assessment | $337,164 CAD |
Property Taxes
Parcel Number
49-09-06-113-135.000-700
Land Assessment
$123,931 CAD
Improvements Assessment
$213,234 CAD
Total Assessment
$337,164 CAD
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Meineke | 15 Year | Low Price Point | 8410 E Washington St
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