For Sale
$4,780,000

6481 Ml Dr Whitestown, IN 46075

High-Yield NNN Lease, Indiana

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • $4,780,000 asking price for this 5,830 SF auto shop.
  • Located at 6481 Mills Dr, Whitestown, IN 46075, on a 0.79-acre lot.
  • Retail property with a 15-year NNN lease to Christian Brothers Automotive, a strong corporate guarantor.
  • 100% occupancy with a 6.25% cap rate and $298,800 NOI.
  • Built in 2022, featuring annual rent escalations starting in year 6.

Property Details for 6481 Ml Dr

Property type
Retail properties, Auto shops
Square Feet
5,830 SF
Year Built
2022
Lot Size (sq. ft)
34,412 SF

Location Insight

City
Whitestown
County
Boone
State
Indiana
Latitude
39.950587
Longitude
-86.346147

FAQs

What type of property is this?
Retail property - High-Yield NNN Lease, Indiana
Where is the retail property located?
The property is located at 6481 Ml Dr Whitestown, IN.
What is the asking price?
The asking price for this property is $4,780,000.
What are key features of this property?
This property features: $4,780,000 asking price for this 5,830 SF auto shop.; Located at 6481 Mills Dr, Whitestown, IN 46075, on a 0.79-acre lot.; Retail property with a 15-year NNN lease to Christian Brothers Automotive, a strong corporate guarantor.
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6481 Ml Dr
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