Valvoline NNN Property For Sale — Mishawaka, IN
5603 Grape Rd, Mishawaka, IN 46545
This Valvoline Instant Oil Change property, constructed in 2022, offers an exceptional investment opportunity with a long-term, absolute NNN lease. The lease features attractive 10% rent increases every five years, providing a hedge against inflation and consistent income growth. Located on a high-traffic road with approximately 26,000 vehicles per day, the property benefits from strong retail synergy with neighboring national tenants such as Hobby Lobby, Taco Bell, McDonald's, and Discount Tire. Valvoline is a publicly traded company (NYSE: VVV) with a robust market presence of over 2,000 locations nationwide and aggressive growth plans. The quick-lube sector is known for its e-commerce and recession-resistant characteristics, making this a stable and secure investment. Additionally, qui…
- Address: 5603 Grape Rd, Mishawaka, IN 46545
- Asking price $2.44M
- 6.75% cap rate
- NOI $164,970
- 20 years remaining
- NNN lease
- Year built: 2022
- Building size: 2,176 SF
- Rent increases: Years 1-5: $165,000; Years 6-10: $181,500; Years 11-15: $199,650; Years 16-20: $219,615
- Guarantor: Corporate
Location
This Valvoline property is at 5603 Grape Rd in Mishawaka, Indiana.
Asset type: Quick Lube