Automotive Building with Double-Net
For Sale
Contact for pricing
Pending
923 E 38th St, Anderson, IN 46013
Advance Auto Parts operates from a long-established retail location with continued lease term and extension options.
Property Size7,000 SF
Lot Size1.06 Acres
Days on Market142
Property Features for 923 E 38th St
General Information
Standard status
Pending
Size
7,000 SF
Lot size
1.06 Acres
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
Marcus & Millichap | The Patel Yozwiak Group
Listed By:
Darpan Patel · License #OH SAL.2012000748
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 10:51AM
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 | The Patel Yozwiak Group
Investment Insights
Based on property information with market context.
The property is a 7,000-square-foot automotive retail building on approximately 1.058 acres at 923 E 38th St in Anderson, Indiana. Advance Auto Parts has operated at the site since 2003, providing an established occupancy history for the asset. The lease is structured on a double-net basis, with a remaining seven-year term and two additional five-year options. Scheduled increases occur before each option period.
East 38th Street carries more than 18,000 vehicles per day, while nearby Columbus Avenue reports 28,600 vehicles per day. The surrounding trade area includes Walmart Supercenter, Lowe’s, Starbucks, Walgreens, Planet Fitness, and ALDI. Nearby employment and activity centers include St. Vincent Regional Hospital, Community Hospital Anderson, and Harrah’s Hoosier Park Racing and Casino. Multiple nearby schools collectively serve more than 6,800 students, and the local market includes over 87,000 residents within a seven-mile radius.
East 38th Street carries more than 18,000 vehicles per day, while nearby Columbus Avenue reports 28,600 vehicles per day. The surrounding trade area includes Walmart Supercenter, Lowe’s, Starbucks, Walgreens, Planet Fitness, and ALDI. Nearby employment and activity centers include St. Vincent Regional Hospital, Community Hospital Anderson, and Harrah’s Hoosier Park Racing and Casino. Multiple nearby schools collectively serve more than 6,800 students, and the local market includes over 87,000 residents within a seven-mile radius.
Key Highlights
- 7,000‑square‑foot automotive retail building on approximately 1.058 acres
- Advance Auto Parts has operated at the property since 2003
- Double‑net lease with a remaining seven‑year term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
11k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
Marathon
Shops & Services
6,601 visits/mo
0.1 miles
Pizza King
Dining
2,911 visits/mo
0.0 miles
Advance Auto Parts
Shops & Services
1,819 visits/mo
0.1 miles
Demographics for 46013, IN
18,288
Population
9,062
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
875
Density / Sq Mi
$49,557
Median Household Income
$35,000
Median Earnings
$891
Median Rent
$120,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Automotive property - Advance Auto Parts operates from a long-established retail location with continued lease term and extension options.
Where is this automotive property located?
The property is located at 923 E 38th St Anderson, IN.
What are key features of this property?
This property features: 7,000‑square‑foot automotive retail building on approximately 1.058 acres; Advance Auto Parts has operated at the property since 2003; Double‑net lease with a remaining seven‑year term
