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2 Shenandoah Dr
Lafayette, IN 47905
Valvoline · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN GROUND LEASE W/ FUTURE RENT INCREASES
- NEW CONSTRUCTION AT SIGNALIZED INTERSECTION
- PROXIMITY TO CATERPILLAR LARGE ENGINE CENTER
- CORPORATE GUARANT Y FROM 2ND L ARGEST QUICK LUBE CHAIN
- DOMINANT RE TAIL TRADE AREA
- STRONG DEMOGRAPHICS
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a ground lease interest in the Valvoline located in Lafayette, IN ("Property"). The Property consists of a ~2,000-square-foot newly constructed freestanding retail building on a 0.52-acre parcel. Valvoline is operating under a brand new 15-year absolute NNN ground lease that features 10% rent escalations every five (5) years in the primary base term and throughout the three (3) five-year renewal options. Additionally, the lease is guaranteed by Valvoline, LLC, the second-largest quick lube chain in the U.S., and features zero landlord responsibilities, making this a highly passive net lease investment opportunity. See Lease Abstract for full details.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$3,024,959 CAD
Price Per SF
$1,512.48 CAD
Cap Rate
6%
NOI
$181,470 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.52 AC
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,547,505 CAD | |
| Land Assessment | $96,298 CAD | Total Assessment | $1,643,803 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$96,298 CAD
Improvements Assessment
$1,547,505 CAD
Total Assessment
$1,643,803 CAD
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