VALVOLINE 5603 Grape Rd 2,176 SF 100% Leased Retail Building Mishawaka, IN 46545 £2,127,203 (£977.58/SF) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Listed for $2,720,000 yielding a cap rate of 6.25%.
- Newer Development – built in 2022.
- Abs. NNN Lease has zero landlord responsibilities.
- Strong Retail Synergy – Hobby Lobby, Taco Bell, Firehouse Subs, Discount Tire, ABC Warehouse, McDonald’s, and More.
- Long-term Lease of ±15 years demonstrates commitment to the site.
- Growing Operator – tenant is an actively growing franchisee with more sites set to open soon.
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
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
Retail
Building Size
2,176 SF
Construction Status
Proposed
Price
£2,127,203
Price Per SF
£977.58
Net Initial Yield
6.25%
NOI
£132,950
Percent Leased
100%
Number of Floors
1
Building FAR
0.03
Lot Size
1.45 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 71-04-28-376-002.000-005 | Improvements Assessment | £14,625 |
| Land Assessment | £204,900 | Total Assessment | £219,524 |
