Take 5 | ±9-Yr Abs NNN | ±28-Unit Franchisee | 36K+… — Sale in Indianapolis, IN
- Price: Contact for price
- Listing type: For sale
- Asset type: Business
- Location: Indianapolis, IN 46220
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant Take 5 Oil Change located at 5235 East 64th Street in Indianapolis, Indiana. The ±2,389-square-foot building, built in 2000 and renovated in 2020, sits on ±0.24 acres and is secured by an absolute NNN lease with zero landlord responsibilities and ±9 years remaining through May 2035, plus three (3) five-year renewal options. Annual base rent of $99,000 reflects a 7.00% cap rate, with 10% rent increases every five years, the next rising to $108,900 in November 2029. The tenant is a ±28-unit Take 5 franchisee operated by Baldwin Capital Partners, and the location has earned nearly 4,000 five-star Google reviews. Take 5 is part of Driven Brands, with 1,392 locations and $1.2 billion in 2025 revenue. The property sits at East 64th Street and Binford Boulevard (±36,045 VPD), near the I-465/I-69 interchange. The 3-mile radius holds 69,415 residents with an average household income of $116,433, growing to 202,790 residents within 5 miles. Area schools include Lawrence North High School (2,799 students), Lawrence Central High School (2,517 students), and Heritage Christian School (1,699 students). The site is within the Indianapolis MSA of 2.19 million residents, pairing a fast-growing quick-lube brand with passive, long-term net-lease income. The on-site billboard is not included in the sale. Investment Highlights: • Absolute NNN Lease | Zero Landlord Responsibilities • ±9 Years Remaining Through May 2035 w/ Three 5-Year Options • 10% Rent Increases Every 5 Years • Nearly 4,000 5-Star Google Reviews at This Location • Binford Blvd Frontage w/ ±36,045 VPD Near I-465/I-69 • $116,433 AHI and 69,415 Residents Within 3 Miles • Near Lawrence North HS (2,799 Students) and Lawrence Central HS (2,517 Students) • Indianapolis MSA w/ 2.19M Residents
Market Context
This food service in Indianapolis, IN is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Indianapolis, IN — view the full market.
Contact
- Jason Fefer · (310) 909-2394 · jason.fefer@marcusmillichap.com
- Tyler Bindi · (310) 909-2374 · tyler.bindi@marcusmillichap.com
- Julia Evinger · (317) 218-5300
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