VALVOLINE

5603 Grape Rd, Mishawaka, IN 46545
$2,720,000

Cap Rate
6.25%
Year Built
2022
Leasable Area
2,176 SF
Term Remaining
±15 YRS
NOI
$170,000
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Listed for $2,720,000 yielding a cap rate of 6.25%.
  • Strong Retail Synergy – Hobby Lobby, Taco Bell, Firehouse Subs, Discount Tire, ABC Warehouse, McDonald’s, and More.
  • Newer Development – built in 2022.
  • Long-term Lease of ±15 years demonstrates commitment to the site.
  • Abs. NNN Lease has zero landlord responsibilities.
  • Growing Operator – tenant is an actively growing franchisee with more sites set to open soon.
  • Rent Increases – 10% increases every 5 years provide effective hedge against inflation.
  • Valvoline is a national leader in the quick lube industry — (NYSE: VVV); Valvoline is a Publicly Traded Company With a Market Cap of $5.73 Billion and 1,900+ locations nationally.
  • Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule **Consult your tax or accounting professional for more information.
  • Ecommerce & Recession-Proof Investment – Quick lube sector is not heavily affected by changes in the economy.
  • Heavy Traffic Volume – ±25,000 vehicles per day on Grape Rd.
  • Dense Demographics – ±161,000 population in a 5-mi radius.

 


Broker of Record

  • Kyle Matthews
  • License No. RC52200195 (IN)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203
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