2015 S Western Ave Marion, IN 46953
Property profile & analytics
2015 S Western Ave Marion, IN 46953
- Retail space
- 2,800 SF
- 0.54 lot acres
Property ID
US31-2245619
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strickland Brothers 10 Minute Oil Change / Auto Repair Shop
- Freedom Day Fireworks / Department Store
Property Details for 2015 S Western Ave
- Year built
- 1955
- Construction
- WOOD
- Lot size
- 0.54 lot acres
- Property size
- 2,800 SF
- Property type
- Retail space
- APN
- 27-07-07-302-021.000-002
- APU
- 270707302021000002
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Grant
- State
- Indiana
- Longitude
- -85.6731
- Latitude
- 40.5424
- CBSA code
- 31980
- CBSA name
- MARION, IN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,692
$36,000
$20,400
$56,400
-
$36,000
$20,400
$56,400
