Embed Size (px)
Citation preview
5859 N German Church Road, Indianapolis, IN 46235 Offering Memorandum
$1,003,600| Investment Details
Absolute NNN Lease With 16 Years Remaining Strong Franchisee With 46 Units Under Operation Exposure to Over 30,000 Vehicles Per Day Close Proximity to Crestview Elementary School Population Over 150,000 and Average Household Income
Over $73,000 in Five-Mile Radius Adjacent National Retailers Include Applebee’s, AutoZone,
KFC, BWW, Walgreens, McDonald’s, Starbucks, Kroger and Others
Representative Photo
Jiffy Lube FRANCHISE ProfileTenant Trade Name Jiffy Lube of Indiana
Ownership Private
No. of FRANCHISE Locations
46
Headquarters Fort Wayne, IN
Website www.jiflube.com
Tenant SnapshotJiffy Lube of Indiana, a Jiffy Lube franchisee, owns and operates 46 Jiffy Lubelocations in the state of Indiana. It provides automotive preventive maintenance,oil change, air conditioning, air filtration, cooling system, drive train, electricalsystem, engine, fuel system, inspections and emissions, tire rotation, transmission,and windshield services. The company was incorporated in 1985 and is based inFort Wayne, Indiana.
TENANT OVERVIEW
Overview
Price $1,003,600
Gross Leasable Area (Estimate) 2,867 SF
Lot Size (Acres) 0.14
Year Built 1997
Net Operating Income $55,200
CAP Rate 5.50%
Lease Abstract
Lease Type NNN
Original Lease Term 22 Years
Lease Start 4/29/2012
Lease Expiration 04/29/2034
Renewal Options Remaining Two 5-Year Options
Increases (Percentage Rent Clause) 10% Gross Sales
Roof and Structure Tenant Responsible
THE OFFERING
Site Photo
Population 1-Mile 3-Mile 5-Mile
2010 6,082 57,246 145,865
2017 6,393 60,009 152,743
2022 7,203 64,223 160,995
2016 Household Incomes
1-Mile 3-Mile 5-Mile
Average $80,461 $68,611 $73,223
Median $74,070 $49,594 $50,809
Indianapolis, INIndianapolis is the capital and most populous city of the U.S. state ofIndiana and the seat of Marion County. With an estimated population of855,164 in 2016, Indianapolis is the second most populous city in theMidwest and 15th most populous in the U.S. Anchoring the 25th largesteconomic region in the U.S., the city's economy is based primarily onfinance and insurance, manufacturing, professional and businessservices, education and health care, government, and wholesale trade.
The property is a 2,867 square foot building on a 4,060 square foot lot.Constructed in 1997, the property is subject to a NNN lease, with 16 yearsleft on the lease and two five-year extension options. The building sitsoff highway 67, which is the major thoroughfare in the area and home tomany national retailers including Walmart Supercenter, Applebee’s,AutoZone, KFC, BWW, Walgreens, McDonald’s, Starbucks, Kroger andOthers.
Presented By
Lior RegenstreifSenior Managing Director InvestmentsSenior Director, Net Leased Properties
GroupTel: (818) 212-2730Fax: (818) 212-2710
[email protected]: CA #01267761
Ryan JaamaAssociate
Tel: (818) 212-2733Fax: (818) 212-2710
[email protected]: CA #01985648
5859 N German Church Road, Indianapolis, IN
