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Valvoline Oil Change 1820 E Markland Ave

1,667 SF Retail Building Kokomo, IN 46901 £1,142,515 (£685/SF) 5.65% Net Initial Yield

Investment Highlights

  • Absolute NNN Ground Lease: Tenant is responsible for the direct payment of all taxes, insurance, and maintenance associated with the property
  • 10% Rent Bumps Every 5 Years: The lease is includes 10% rent increases every 5 years and at each renewal option, enhancing returns
  • The Walmart behind the Valvoline ranks in the top 75th percentile nationally and top 80th percentile in the state of Indiana, per Alpha Maps
  • Corporate Guarantee: The lease is corporately guaranteed by Valvoline Inc (NYSE: VVV), providing a landlord with very secure guarantee backing the lea
  • Outparcel to Top Performing Walmart Supercenter: The site is positioned as an outparcel to a Walmart Supercenter, ensuring consistent customer exposur
  • Recent Construction: The Property was developed brand new from the ground up in 2020, providing an owner with a building that is of top-notch quality

Executive Summary

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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,667 SF
Building Class
B
Year Built
2020
Price
£1,142,515
Price Per SF
£685
Net Initial Yield
5.65%
NOI
£64,552
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.62 AC
Zoning
C
Parking
36 Spaces (21.6 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Rent-A-Center
Planet Fitness
Fazoli's
Steak ‘n Shake
Chili's Grill & Bar
Meijer
Applebee's
ALDI
Starbucks
KeyBank
  • Listing ID: 33842658

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 1820 E Markland Ave, Kokomo, IN 46901

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