6481 Ml Dr Whitestown, IN 46075
This exceptional investment opportunity presents a 5,830 square foot, single-tenant auto shop in Whitestown, Indiana. The property boasts a 15-year absolute NNN lease with a strong corporate guarantee from Christian Brothers Automotive, a rapidly expanding national chain with over 275 locations. Built in 2022, the building sits on a 0.79-acre lot and enjoys 100% occupancy. The lease includes annual rent escalations starting in year six, ensuring consistent income growth. The property's strong financial performance is reflected in its $4,780,000 asking price, $819.90 price per square foot, and a 6.25% cap rate, generating a substantial net operating income (NOI) of $298,800. Located at 6481 Mills Dr, Whitestown, IN 46075, the property benefits from its strategic location near major retailers such as Meijer, Lowe's, Starbucks, and many more, serving a thriving community with an average household income exceeding $134,000 within a 5-mile radius. The lease has options extending the term up to 65 years, providing long-term stability and significant return on investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a prime location with exceptional growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.