Absolute NNN Equipment Rental
For Sale
Contact for pricing
Pending
6901 E 38th St, Indianapolis, IN 46226
Fee simple absolute NNN property leased to EquipmentShare with corporate guarantee and a newly executed 15-year term.
Property Size26,000 SF
Lot Size6.00 Acres
Days on Market111
Property Features for 6901 E 38th St
General Information
Standard status
Pending
Size
26,000 SF
Lot size
6.00 Acres
Property subtype
Industrial
Site & Location
Traffic Count
39,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 30 at 9:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is offering the fee simple interest (land and building ownership) in an absolute NNN, corporate guaranteed EquipmentShare investment property. The tenant recently executed a new 15-year lease with two additional 5-year options, reflecting continued commitment to the site.
The property is located in Indianapolis at the signalized corner intersection of E. 38th Street and Massachusetts Avenue, with access to nearby direct on/off ramp routes to Interstate 465. The surrounding area includes a primary retail corridor along Massachusetts Avenue and multiple nearby national and credit tenants, including Aldi, CVS Pharmacy, Advance Auto Parts, Menard’s, and O’Reilly Auto Parts.
The offering includes a 26,000 SF building on a 6.00-acre lot, providing additional space to store rental equipment and supporting inventory. EquipmentShare, founded in 2015, operates a peer-to-peer equipment rental business with more than 70 locations nationwide.
The property is located in Indianapolis at the signalized corner intersection of E. 38th Street and Massachusetts Avenue, with access to nearby direct on/off ramp routes to Interstate 465. The surrounding area includes a primary retail corridor along Massachusetts Avenue and multiple nearby national and credit tenants, including Aldi, CVS Pharmacy, Advance Auto Parts, Menard’s, and O’Reilly Auto Parts.
The offering includes a 26,000 SF building on a 6.00-acre lot, providing additional space to store rental equipment and supporting inventory. EquipmentShare, founded in 2015, operates a peer-to-peer equipment rental business with more than 70 locations nationwide.
Key Highlights
- Fee simple absolute NNN investment property in Indianapolis leased to EquipmentShare with a corporate guarantee.
- Tenant signed a new 15‑year lease with 2 (5‑year) options to extend.
- Lease includes 1.70% annual rental increases throughout the initial term and option periods.
Property Analytics
Current Use
Lease Details
39,300 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 46226, IN
43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple absolute NNN property leased to EquipmentShare with corporate guarantee and a newly executed 15-year term.
Where is this nnn property located?
The property is located at 6901 E 38th St Indianapolis, IN.
What are key features of this property?
This property features: Fee simple absolute NNN investment property in Indianapolis leased to EquipmentShare with a corporate guarantee.; Tenant signed a new 15‑year lease with 2 (5‑year) options to extend.; Lease includes 1.70% annual rental increases throughout the initial term and option periods.
