Online Only Absolute Auction: AutoZone-Anchored Strip Center on 3.46± AC in New Albany, IN

ABSOLUTE AUCTION — AutoZone-Anchored Strip Center on 3.46± AC
1931 Grant Line Rd & Graybrook Ln, New Albany, IN 47150

Auction Held Online Only at Bid.NoelAuctioneers.com

Bidding Opens: Friday, November 14th at 10:00 AM (EST)
Bidding Begins to Close: Monday, November 24th at 7:00 PM (EST)
Closing: Thursday, January 8, 2025 by 5:00 PM

Property Highlights

• 3.46± Total Acres | 1.90 AC Retail Center on Grant Line Road  + 1.56 AC Undeveloped Land on Graybrook Lane.
• 19,581± SF multi-tenant strip center anchored by AutoZone
• Three remaining suites vacant — major lease-up or redevelopment upside

Investment Advantages

• Anchor stability: AutoZone provides immediate, durable income from a nationally recognized, investment-grade tenant.
• Value-add: Three remaining suites are vacant—prime opportunity to execute a lease-up plan or pursue re-tenancy/repositioning to modern service retail/medical/quick-serve.
• Expansion/redevelopment flexibility: Steel-reinforced construction and deep parking fields support future expansion scenarios, drive-thru additions, or outparcel concepts (subject to approvals).
• Visibility & accessibility: Prominent Grant Line Rd exposure with dual access (Grant Line & Graybrook), close to rooftops, schools, and daily-needs traffic.
• Operational basics in place: Public utilities, ±14' wall height, extensive asphalt paving, canopy, and straightforward single-story retail layout.
• Court-supervised certainty: Chapter 7 free-and-clear sale process (per Trustee motion) provides clean conveyance and defined closing timeline.

Location Details

• Prime frontage on Grant Line Road, New Albany’s dominant retail corridor
• Minutes from I-64, I-265, downtown New Albany, and Jeffersonville
• High daily traffic counts, ample parking, and strong consumer base

A 10% down payment required on the day of the auction. A 10% buyer’s premium will be added to the final bid to determine the final sales price. Full Terms at Bid.NoelAuctioneers.com