Building Details

Tenancy Single

Listing Agency: Summit Real Estate Show Phone

Listed By: Jason Vitorino · License #TX 512565

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 4:31AM

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Investment Insights

Based on property information with market context.

Christian Brothers Automotive is a single-tenant property at 4606 Charlestown Rd in New Albany, Indiana. The asset is subject to a 15-year absolute NNN lease with annual rent escalations and a corporate guarantee.

The property offers a lease structure designed to place operating expenses with the tenant under absolute NNN terms. The address is 4606 Charlestown Rd, New Albany, IN 47150.

Key Highlights

• 15‑year absolute NNN lease
• Single‑tenant property occupied by Christian Brothers Automotive
• Annual rent escalations

Property Analytics

Property Profile

Current Use

Christian Brothers Automotive ... Auto Repair Shop

Suggested Use

Top Pick Building Supply Law Firm Auto Repair Shop Spa & Massage Center Hair Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

349

Businesses Nearby

Explore this area Business Placement

Demographics for 47150, IN

49,395

Population

22,834

Households

2.2

Avg Household Size

39

Median Age

26%

College-Educated

91%

High-School Grad

45.0 sq mi

ZIP Area

1,098

Density / Sq Mi

$62,212

Median Household Income

$40,837

Median Earnings

$984

Median Rent

$191,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant occupancy is structured under an absolute NNN lease.

Where is this nnn property located?

The property is located at 4606 Charlestown Rd New Albany, IN.

What are key features of this property?

This property features: 15‑year absolute NNN lease; Single‑tenant property occupied by Christian Brothers Automotive; Annual rent escalations