Columbus IN - AAMCO
$800,000
3075 Central Ave, Columbus, IN 47203
6
Cap Rate
48,000
NOI
Details:
Description:
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, personally guaranteed, freestanding AAMCO Transmissions and Total Car Care investment property located in Columbus, IN. The tenant has 9 years of firm term remaining with 2 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features schedule rental increases throughout the initial term and options (see page 14 for details), growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1957, AAMCO Transmissions and Total Car Care is a leading auto-repair franchise with over 520 operating locations.
AAMCO is strategically located near the signalized, hard-corner intersection of Central Avenue and National Road, averaging a combined 39,300 vehicles passing by daily. National Road / U.S. Highway 31 is a major commuter route connecting the southern Indianapolis suburbs and providing direct access into Downtown Indianapolis. AAMCO is ideally situated within a dense retail corridor and is within walking distance to NexusPark, a newly renovated Regional Mall totaling over 414K SF of gross leasable area. The surrounding national/credit tenants include Kroger, Dunham’s Sports, Harbor Freight Tools, Walmart Supercenter, and Target, among many others. The offering includes an 8,553 SF industrial building situated on a 0.97-acre lot, allowing AAMCO more space to store additional equipment and increase overall inventory. Furthermore, the asset is near numerous single-family communities and multi-family complexes including Townhomes at 28th (97 units), Bloomfield Apartments (139 units), Williamsburg Way (192 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 54,400 residents and 35,900 daytime employees. Residents within 1 mile of the subject boast an affluent average household income of $119,581.
Location
Gallery
