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640 N Wayne St
Angola, IN 46703

$1,771,000 USD

Auto Repair For Sale  •  2,068 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 2,068 SF
  • Lot Size 0.5 AC
  • Building Class B
  • Year Built 2000
  • Tenancy Single
40 Walk Score

Highlights

Offered at $1,771,000, reflecting a 6.75% cap rate.
Absolute NNN lease structure with zero landlord responsibilities, providing passive ownership.
11+ years of remaining lease term, offering income security. The tenant recently executed an early lease extension.
Approximately 1.3% annual rent increases provide scheduled income growth and inflation protection throughout the lease term.
Allied Lube, one of the nation’s largest Jiffy Lube operators with 70+ locations and 30+ years of operating experience.
Essential, in-person automotive service use that cannot be replicated online, with the quick-lube sector historically demonstrating resilience.
Jack Kulick 760-642-9942 Matthews Real Estate Investment Services
Jack Kulick 760-642-9942 Matthews Real Estate Investment Services