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    2015 Western Ave Marion, IN 46953

    For Sale
    $1,911,756

    High-yield, NNN-leased auto shop.

    Property size:
    1,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 1,750 square foot, single-tenant auto shop located at 2015 S Western Ave, Marion, IN 46953. The property sits on a 0.54-acre lot and is 100% occupied by Strickland Brothers 10 Minute Oil Change under an Absolute NNN lease with a remaining term of 14.4 years, expiring March 31, 2039. The lease includes 10% rent bumps every five years and four 5-year renewal options. The property boasts a strong 6.70% cap rate and a Net Operating Income (NOI) of $128,087. The building, constructed in 2024, is a single-story structure offering drive-thru oil change services. Strickland Brothers provides 10-minute oil changes, oil filter replacements, chassis lubrication, and complimentary maintenance checks. The franchisee has been thoroughly vetted for business experience and financial strength. This investment benefits from the backing of Princeton Equity Group, a firm with a proven track record of growing emerging brands. Given Strickland Brothers' aggressive growth plans and favorable market pricing, this property offers a compelling combination of strong current yield and significant upside potential. The property's corporate credit tenant and long-term lease provide exceptional stability and security for investors.

    Property Features for 2015 Western Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    1,750 SF
    Lot Size
    23,522 SF

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Strong corporate credit tenant.
    • High‑quality construction and finishes.
    • Excellent location with high visibility and accessibility.
    • Favorable lease terms.
    • Significant upside potential for future rent growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strickland Brothers 10 ... Oil Change Service Freedom Day Fireworks Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.673233
    Latitude
    40.5424587

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    FAQs

    What type of property is this?
    Automotive property - High-yield, NNN-leased auto shop.
    Where is this automotive property located?
    The property is located at 2015 Western Ave Marion, IN.
    What is the asking price?
    The asking price for this property is $1,911,756.
    What are key features of this property?
    This property features: Strong corporate credit tenant.; High-quality construction and finishes.; Excellent location with high visibility and accessibility.
    Request Owner's contact information
    2015 Western Ave Marion, IN 46953
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    Marion, IN 46953
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2015 Western Ave Marion, IN 46953
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