6481 Ml Dr Whitestown, IN 46075
- Retail properties
- 5,830 SF
- 0.79 lot acres
Current Use by Public Records
- Retail properties
Property Details for 6481 Ml Dr
- Year built
- 2022
- Lot size
- 0.79 lot acres
- Property size
- 5,830 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whitestown
- County
- Boone
- State
- Indiana
- Longitude
- -86.3461
- Latitude
- 39.9506
