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VALVOLINE 9616 Calumet Ave

2,058 SF 100% Leased Retail Building Munster, IN 46321 £1,083,693 (£527/SF) 6.50% Net Initial Yield

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Investment Highlights

Listed for $1,385,000 yielding a cap rate of 6.50%.
Absolute NNN Lease has zero landlord responsibilities.
Rent Increases – 10% increases every 5 years provide effective hedge against inflation.

Long-term Lease of ±18 years demonstrates commitment to the site.
Growing Operator – Valvoline is an actively growing franchisee with more sites set to open soon.
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

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

Valvoline - Munster, IN - OM

Property Facts

Sale Type

Investment

Property Type

Retail

Building Size

2,058 SF

Year Built/Renovated

1999/2024

Price

£1,083,693

Price Per SF

£527

Net Initial Yield

6.50%

NOI

£70,421

Percent Leased

100%

Number of Floors

Building FAR

0.10

Lot Size

0.49 AC

Zoning

R33

PROPERTY TAXES

Parcel Number	45-06-25-477-008.000-027	Improvements Assessment	£185,362
Land Assessment	£134,347	Total Assessment	£319,709

PROPERTY TAXES

Parcel Number

45-06-25-477-008.000-027

Land Assessment

£134,347

Improvements Assessment

£185,362

Total Assessment

£319,709

Listing ID: 34098060
Date on Market: 05/12/2024
Last Updated:
Address: 9616 Calumet Ave, Munster, IN 46321

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