AAMCO

3075 Central Avenue, Columbus, IN 47203

$800,000

Cap Rate 6.00%

Views: 106 Updated: 01.11.24 Posted: 09.15.23 Status: Inactive

Summary

Price $800,000	Built/Renov 1971	Tenant AAMCO
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 8,553	Lease Start 06-01-2022	#Units 1
Price/SF $93.53	Expiration 06-01-2032	Tenant Type Automotive
NOI $48,000	R. Term 7.5	Ownership Fee Simple
Rent/SF $5.61	Increases 10.0%/4/yrs	Pop 5Mi 54,444
Lot/AC 0.97	Options 2/5yrs/10%	AHHI 5Mi $97,329

Lease Highlights

AAMCO currently has 8+ years remaining on the current lease term with 2 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Landlord responsible for roof, structure, parking, RE taxes and insurance *subject to tenant reimbursment
Lease personally guaranteed by AAMCO Transmissions & Total Car Care

Location Description

AAMCO is strategically located near the signalized, hard-corner intersection of Central Avenue and National Road, averaging a combined 39,300 vehicles passing by daily. National Road / U.S. Highway 31 is a major commuter route connecting the southern Indianapolis suburbs and providing direct access into Downtown Indianapolis. AAMCO is ideally situated within a dense retail corridor and is...

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Key Features

Signalized intersection
Hard corner intersection
Near major nationals
Shopping Ctr out-parcel
Strategically located
Highway location
Top 100 MSA
Affluent suburb location
Traded and rated company
Personal guarantee

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Links

AAMCO Wikipedia AAMCO Wikipedia Columbus, Indiana Zip Code 47203 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: AAMCO
Guarantor:Franchisee
Company:AAMCO Transmissions
# Units:1
Tenant S&P: BB
Moody’s: Ba3
Stock: NASDAQ: IEP

About Tenant

AAMCO is an American transmission-repair franchise founded by Robert Morgan and Anthony A. Martino in 1957 in Philadelphia, PA. AAMCO Transmissions provide transmission maintenance, auto repair...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,711	43,546	56,835
2023 Total Population :	8,829	42,680	55,784
2023 Employed Civilian Pop :	4,559	20,779	27,829
2023 Total Businesses :	429	1,762	2,110
2023 Average Household Income :	$ 122,143	$ 94,057	$ 99,095
2023 Total Consumer Spending :	$ 356 M	$ 1448 M	$ 1950 M
2023 Median Age :	41	40	40
2023 Total Households :	3,388	17,690	22,659
2023 Pop Age 25+: Bachelor's Degree :	1,794	6,754	8,657
2023 Average Home Value :	$ 259,339	$ 236,016	$ 240,818

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
National Road	Hawthorne Dr	2021	21,167	0.05 mi
National Road		2019	22,530	0.05 mi
National Road	Village Dr	2018	23,181	0.19 mi
N National Rd	Herman Darlage Dr	2018	24,170	0.26 mi
Local	Forest Dr	2020	1,416	0.29 mi
Wildwood Place	Wildwood St	2018	1,694	0.30 mi
Local	27th St	2020	2,335	0.35 mi
US 31	Westenedge Dr	2021	18,843	0.39 mi
Westenedge Drive	Locust Dr	2018	2,416	0.46 mi
Local	Locust Dr	2020	2,074	0.46 mi

Listing Broker

Frank Rogers

SRS National Net Lease Group

Contact

37 Listings
4907 Views
3 Sold

Michael Carter

SRS National Net Lease Group

Contact

36 Listings
4787 Views
3 Sold

Frank Rogers

Frank Rogers joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Frank joined SRS with more than five years of retail investment sales experience. At his previous firm, Frank was responsible for the management of his clients’ real estate portfolios across the nation, for which he advised them on the best course of action for their invest

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Michael Carter

Michael Carter joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Michael joined SRS with seven years of retail investment sales experience. Prior to joining SRS, he served as senior director with his previous firm. Michael’s deep understanding of the net lease industry and constantly growing market knowledge has earned him several oppo

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