Take 5 Auto Shop with NNN
New
For Sale
$1,414,286
5235 E 64th St, Indianapolis, IN 46220
A single-tenant operation is secured by an absolute NNN lease with renewal options.
Property Size2,389 SF
Lot Size0.24 Acres
Price / SF$591
Days on Market3
Property Features for 5235 E 64th St
General Information
Standard status
Active
Size
2,389 SF
Lot size
0.24 Acres
Property subtype
Restaurant
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$99,000
Site & Location
Traffic Count
36,045 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7%
Amenities
Absolute NNN Lease | Zero Landlord Responsibilities
±9 Years Remaining Through May 2035 w/ Three 5-Year Options
10% Rent Increases Every 5 Years
Nearly 4,000 5-Star Google Reviews at This Location
Binford Blvd Frontage w/ ±36,045 VPD Near I-465/I-69
$116,433 AHI and 69,415 Residents Within 3 Miles
Near Lawrence North HS (2,799 Students) and Lawrence Central HS (2,517 Students)
Indianapolis MSA w/ 2.19M Residents
Building Details
Building Size
2,389 SF
Year Built
2000
Year Renovated
2020
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 4
Last Checked: Oct 5 at 3:05PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
The Take 5 Oil Change property is a single-tenant auto shop with a ±2,389-square-foot building on ±0.24 acres. Built in 2000 and renovated in 2020, the site is leased on an absolute NNN basis, with approximately nine years remaining through May 2035 and three five-year renewal options. Rent increases by 10% every five years, with the next adjustment scheduled for November 2029. The tenant is a Take 5 franchisee operated by Baldwin Capital Partners, a 28-unit operator.
At 5235 E 64th St in Indianapolis, the property is positioned at East 64th Street and Binford Boulevard, where traffic is reported at approximately 36,045 vehicles per day. The site is near the I-465/I-69 interchange. An on-site billboard is excluded from the sale.
At 5235 E 64th St in Indianapolis, the property is positioned at East 64th Street and Binford Boulevard, where traffic is reported at approximately 36,045 vehicles per day. The site is near the I-465/I-69 interchange. An on-site billboard is excluded from the sale.
Key Highlights
- Single‑tenant Take 5 Oil Change auto shop
- ±2,389‑square‑foot building on ±0.24 acres
- Built in 2000; renovated in 2020
Property Analytics
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Open Analytics
Current Use
Lease Details
36,045 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
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Market
Vacancy Rate% for Retail in Indianapolis, IN
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Similar Off Market Nearby
- Hopkins Automotive Inc — 5102 E 62nd St, Indianapolis, IN 46220
- Take 5 Oil Change — 5235 E 64th St, Indianapolis, IN 46220
- Pristine Glass Solutions — 5142 E 65th St, Indianapolis, IN 46220
- Pristine Auto Spa — 5142 E 65th St, Indianapolis, IN 46220
- Northeast Auto Service — 5155 E 65th St, Indianapolis, IN 46220
Frequently Asked Questions
What type of property is this?
Auto shop - A single-tenant operation is secured by an absolute NNN lease with renewal options.
Where is this auto shop located?
The property is located at 5235 E 64th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,414,286.
What are key features of this property?
This property features: Single‑tenant Take 5 Oil Change auto shop; ±2,389‑square‑foot building on ±0.24 acres; Built in 2000; renovated in 2020
