Freestanding Auto Shop with Absolute NNN
For Sale
Contact for pricing
Pending
531 S Rangeline Rd, Carmel, IN 46032
Concrete-block service facility under a corporate-backed lease with scheduled rent increases and no landlord maintenance responsibilities.
Property SizeContact for details
Days on Market140
Property Features for 531 S Rangeline Rd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Wiggin Properties LLC
(918) 935-2010
Listed By:
Grant Stewart · License #OK 140822
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 2:05PM
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 Wiggin Properties LLC
Investment Insights
Based on property information with market context.
This freestanding auto shop contains 6,600 square feet and is constructed with concrete block, a concrete slab, and concrete bearing walls. The property is occupied by Tires Plus under a corporate-backed absolute NNN lease, with more than six years remaining and four option periods that provide for 10 percent rent increases at the start of each period. The lease structure places maintenance responsibilities outside the landlord’s obligations.
Bridgestone Retail Operations, LLC provides the corporate guarantee and operates 2,200 stores nationwide. Access is available from both directions along Rangeline Road, with the property positioned between West Main Street and City Center Dive. The site is also near Indianapolis Metropolitan Airport and Highway 465, which connects Downtown Indianapolis with surrounding cities.
Bridgestone Retail Operations, LLC provides the corporate guarantee and operates 2,200 stores nationwide. Access is available from both directions along Rangeline Road, with the property positioned between West Main Street and City Center Dive. The site is also near Indianapolis Metropolitan Airport and Highway 465, which connects Downtown Indianapolis with surrounding cities.
Key Highlights
- 6,600‑square‑foot freestanding auto shop occupied by Tires Plus
- Corporate‑backed absolute NNN lease with more than six years remaining
- Four option periods include 10 percent rent increases at the beginning of each period
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Pad Thai
Dining
1,169 visits/mo
0.3 miles
Rita's Italian Ice
Dining
1,016 visits/mo
0.3 miles
Greek's Pizzeria
Dining
448 visits/mo
0.2 miles
Demographics for 46032, IN
50,477
Population
22,118
Households
2.3
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
1,995
Density / Sq Mi
$123,438
Median Household Income
$70,558
Median Earnings
$1,522
Median Rent
$464,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Midas — 570 S Rangeline Rd, Carmel, IN 46032
- Dent Masters — 519 Industrial Dr, Carmel, IN 46032
- Xtreme Autos Mall — 31 W Phelps Way, Carmel, IN 46032
- MVMotorworks — 31 W Phelps Way, Carmel, IN 46032
- Tires Plus — 531 S Rangeline Rd, Carmel, IN 46032
Frequently Asked Questions
What type of property is this?
Auto shop - Concrete-block service facility under a corporate-backed lease with scheduled rent increases and no landlord maintenance responsibilities.
Where is this auto shop located?
The property is located at 531 S Rangeline Rd Carmel, IN.
What are key features of this property?
This property features: 6,600‑square‑foot freestanding auto shop occupied by Tires Plus; Corporate‑backed absolute NNN lease with more than six years remaining; Four option periods include 10 percent rent increases at the beginning of each period
