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 Features for 5323 W 38th St
General Information
- Standard status
- Active
- Size
- 3,080 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office Century Partners RE
Listing date Jul 13, 2026
Source Crexi
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.
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
