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1303 S Harrison St
Shelbyville, IN 46176

$738,462 USD

Auto Repair For Sale  •  2,874 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 2,874 SF
  • Lot Size 0.51 AC
  • Building Class B
  • Year Built 1970
  • Cap Rate 6.50 %
  • Tenancy Single
0 Transit Score
62 Walk Score

Highlights

14-Year Absolute NNN Lease secured by Seasoned Meineke Franchisee Operator
Newly renovated building with significant capital contribution by tenant in 2024
Established 17-unit multi-franchisee in the Indianapolis MSA; Hands-on operator with all stores within 90 minutes of each other
Located on Shelbyville’s primary North-South thoroughfare near US I-74; 30 minutes from Downtown Indianapolis
Surrounded by national tenants including Walmart Supercenter, Kroger, Valero, Speedway, Starbucks and more
Direct residential customer base immediately surrounding the property: The Mill Apartments (168 units), Loper Commons Apartments (72 units), etc.

Property Flyers

Cap Rate: 6.50 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Marc Merchant 916-995-3298 Century Partners Real Estate Inc.
Marc Merchant 916-995-3298 Century Partners Real Estate Inc.