601 Mt Tabor Rd New Albany, IN 47150-2210

This exceptional investment opportunity presents a 7,000-square-foot auto shop located at 601 Mt. Tabor Rd, New Albany, IN 47150. Situated on a 1.53-acre lot, the property boasts a strong 100% occupancy rate under a 20-year triple net (NNN) lease with a remaining term of 20 years. The current annual net operating income (NOI) is $168,000, yielding an attractive 7.00% capitalization rate. Built in 1998, this single-tenant property benefits from a long-term lease with built-in annual rent increases of 2.00%, providing predictable and growing income. The lease structure shifts all responsibility for property taxes, insurance, and maintenance to the tenant, minimizing landlord expenses. This investment offers significant long-term stability and potential for appreciation, making it an ideal addition to any portfolio. The property's location in New Albany, Indiana, provides convenient access to major roadways and a strong local market. This is a rare opportunity to acquire a well-established, high-performing auto shop with a secure, long-term lease.