Indianapolis, IN - Take 5 Oil Change

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Indianapolis, Indiana. The tenant, Take 5 Oil Change, signed a 11-year lease paying $99,000 in annual NOI with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Take 5 Oil Change is strategically positioned along E. 64th Street and Sommer Awning Boulevard in Indianapolis, Indiana. The property benefits from excellent visibility and access with two entry points and traffic counts exceeding 40,000 vehicles per day along Binford Boulevard and 145,600 VPD along nearby Interstate 69. The asset is surrounded by a dense mix of national retailers including Lowe’s, Walmart Supercenter, Target, Ross, Staples, Planet Fitness, and CVS, driving consistent consumer traffic to the area. Take 5 is situated within a major retail and residential corridor of Indianapolis—one of the largest and fastest-growing metros in the Midwest. The 0.3-acre site includes approximately 2,389 square feet of building area and offers 8 parking spaces (3.34 per 1,000 SF). The immediate area is supported by a strong population of 68,800 residents within a 3-mile radius and an average household income exceeding $110,000, providing a solid customer base for the tenant.

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