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Meineke – Hartford City 219 N Walnut St

6,000 SF Retail Building Hartford City, IN 47348 $738,462 ($123/SF) 6.50% Cap Rate

Retail Space Indiana Hartford City 219 N Walnut St, Hartford City, IN 47348

Investment Highlights

  • 14 year absolute triple net lease secured by seasoned Meineke franchisee operator
  • Hands-on operator with all stores within 90 minutes of each other; Established 17 Multi-Unit Franchisee in Indianapolis MSA
  • High-density retail hub: Over 20 national tenants including McDonald's, CVS, Taco Bell, and Save A Lot
  • Newly Renovated building with $150k in capex contributed by tenant in 2023
  • Centrally Located along Hart Ford City’s primary North-South thoroughfare; Direct Residential Customer Base immediately surrounding property
  • Hartford City is a strategic midway point between Indianapolis and Fort Wayne

Executive Summary

Part of a 2-Property Portfolio: Meineke – Hartford City, this property features a 14-year absolute triple net lease secured by an experienced Meineke franchisee operator, with a newly renovated building benefiting from $150,000 in tenant-contributed capital expenditures in 2023. The hands-on operator manages all stores within 90 minutes of each other and is an established multi-unit franchisee with 17 locations in the Indianapolis MSA. The unit has demonstrated strong performance since its grand opening in April 2023, with further details available upon inquiry with the broker.

Attachments

Offering Memorandum - Meineke_HartfordCity_IN

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,000 SF
Building Class
B
Year Built/Renovated
1960/2023
Price
$738,462
Price Per SF
$123
Cap Rate
6.50%
NOI
$48,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Land Acres
0.53 AC
Zoning
ZO01 - Autoserv - Auto Service
Parking
16 Spaces
Frontage
127 FT on North Walnut Street
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219 N Walnut St, Hartford City, IN - aerial map view - Image1
219 N Walnut St, Hartford City, IN - aerial map view - Image2
219 N Walnut St, Hartford City, IN - aerial map view - Image3

PROPERTY TAXES

Parcel Number 05-03-10-404-061-000-006 Improvements Assessment $103,600
Land Assessment $21,800 Total Assessment $125,400

PROPERTY TAXES

Parcel Number
05-03-10-404-061-000-006
Land Assessment
$21,800
Improvements Assessment
$103,600
Total Assessment
$125,400
(916) 995-3298

  • Listing ID: 33511162

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 219 N Walnut St, Hartford City, IN 47348

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219 N Walnut St, Hartford City, IN for sale Primary Photo- Image 1 of 5
Building Front
219 N Walnut St, Hartford City, IN for sale Aerial- Image 2 of 5
Immediate Surrounding Retail
219 N Walnut St, Hartford City, IN for sale Aerial- Image 3 of 5
Immediate Surrounding Retail
219 N Walnut St, Hartford City, IN for sale Aerial- Image 4 of 5
Immediate Surrounding Retail

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Meineke – Hartford City | 219 N Walnut St
(916) 995-3298 x

Meineke – Hartford City | 219 N Walnut St

1/4

Marc Merchant

(916) 995-3298

(916) 995-3298

Matt Kramer

(310) 362-4303

x1

(310) 362-4303 x1

Kyle Gulock

(310) 362-4303

x2

(310) 362-4303 x2

Joshua Berger

(424) 389-0582

(424) 389-0582

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