219 Walnut St Hartford City, IN 47348-2026

This exceptional investment opportunity presents a 6,000 square foot Meineke car care center located at 219 N Walnut St, Hartford City, Indiana, 47348. The property boasts a new 14-year absolute triple net (NNN) lease with two 5-year renewal options, secured by an experienced Meineke franchisee. The franchisee is an established multi-unit operator with 17 locations in the Indianapolis MSA, ensuring strong tenant performance. The building underwent a complete renovation in 2023, with the tenant investing $150,000 in capital expenditures. This single-story building, constructed in 1960 and situated on a 0.58-acre lot (APN: 05-03-10-404-038-000-006), benefits from a prime location along Hartford City's main north-south thoroughfare, surrounded by a high-density retail hub including national brands like McDonald's, CVS, Taco Bell, and Save A Lot. The property's strategic location midway between Indianapolis and Fort Wayne provides excellent accessibility. The asking price is $738,462, representing a $123.08 per square foot price and a 6.50% cap rate, with a Net Operating Income (NOI) of $48,000. The strong tenant, recent renovations, and favorable lease terms make this a compelling investment opportunity. This property is also available as part of a two-property portfolio. Detailed financial information is available upon request.