2015 S Western Ave Marion, IN 46953
For Sale
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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.
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Strickland Brothers 10 Minute Oil Change Auto Repair Shop
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Freedom Day Fireworks Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.