Meineke Car Care Center
For Sale
Contact for pricing
5323 W 38th St, Indianapolis, IN 46254
Absolute NNN lease with a 15-year term and built-in 10% rent escalations every five years at a Meineke auto care center.
Property Size3,080 SF
Price / SF$498.70
Days on Market50
Property Features for 5323 W 38th St
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$96,000
Additional Details
Traffic Count
22,000 vehicles/day
Building Details
Year Built
2005
Buildings
1
Tenancy
Single
Listing Agency:
Century Partners RE
Listed By:
Marc Merchant · License #CA 02117365
Source:
Crexi
Added: Jul 13
Changed: Aug 22
Last Checked: Aug 29 at 10:24PM
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 Century Partners RE
Investment Insights
Based on property information with market context.
This property features an established Meineke Car Care Center with a brand new 15-year absolute NNN lease structure. The lease includes built-in rent escalations of 10% every five years and provides four additional five-year renewal options for long-term hold periods. Under the absolute NNN structure, the offering notes zero landlord responsibilities, with the lease guaranteed by Solvix Auto LLC.
The center is positioned along W 38th Street, a primary commercial corridor with approximately 22,000 vehicles per day. The site is directly across from Meijer and near Home Depot and Target, supporting service demand from a dense retail trade area described as over 103,000 residents within three miles.
Solvix Auto LLC is identified as the largest Meineke franchisee in the United States, operating 56 locations nationwide. The listing also references proximity to Indianapolis Motor Speedway, which draws approximately 1.3 million spectators annually.
The center is positioned along W 38th Street, a primary commercial corridor with approximately 22,000 vehicles per day. The site is directly across from Meijer and near Home Depot and Target, supporting service demand from a dense retail trade area described as over 103,000 residents within three miles.
Solvix Auto LLC is identified as the largest Meineke franchisee in the United States, operating 56 locations nationwide. The listing also references proximity to Indianapolis Motor Speedway, which draws approximately 1.3 million spectators annually.
Key Highlights
- Meineke Car Care Center with an established absolute NNN lease structure
- 15‑year lease term with 10% built‑in rent escalations every 5 years
- Guaranteed by Solvix Auto LLC, operating 56 locations nationwide
Property Analytics
Current Use
Lease Details
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 46254, IN
40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease with a 15-year term and built-in 10% rent escalations every five years at a Meineke auto care center.
Where is this nnn property located?
The property is located at 5323 W 38th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,536,000.
What are key features of this property?
This property features: Meineke Car Care Center with an established absolute NNN lease structure; 15‑year lease term with 10% built‑in rent escalations every 5 years; Guaranteed by Solvix Auto LLC, operating 56 locations nationwide
