The Boulder Group closed the sale of a single-tenant net-leased Jiffy Lube at 8580 N. Michigan Road in Indianapolis for $1.75 million.
The 2,000-square-foot property is located in a primary retail trade corridor at an intersection that sees a combined traffic count of more than 61,000 vehicles a day. Retailers located in the immmediate area include Walmart Supercenter, Lowe’s Home Improvement, Sam’s Club, Walgreens, Trader Joe’s and Chick-fil-A.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer and seller. The seller was a Midwest-based partnership, while the buyer was a charitable trust based in Colorado.
