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Valvoline Instant Oil Change | South Bend, IN 219 E Ireland Rd 1,674 SF Retail Building South Bend, IN 46614 $2,842,460 CAD ($1,698.00 CAD/SF) 6.05% Cap Rate
Investment Highlights
- LONG TERM ABSOLUTE NNN LEASE: Stable cash flow with 10 years of lease term remaining and zero landlord responsibilities
- NATIONALLY RECOGNIZED PUBLICLY TRADED TENANT: Valvoline (NYSE: VVV), one of North America’s largest automotive preventive maintenance providers
- POSITIONED AMONG DOMINANT NATIONAL RETAILERS: Strategically located within a premier retail corridor directly across from major destination retailers
- NEWER 2021 CONSTRUCTION: Providing investors with a low-maintenance asset and long-term functionality
- STRONG OPERATOR WITH PERSONAL GUARANTY: Backed by an experienced multi-unit operator
- EXPOSURE TO THE SOUTH BEND MSA AND NOTRE DAME UNIVERSITY: South Bend is home to the world-renowned University of Notre Dame, a major economic engine
Executive Summary
This offering presents a rare opportunity to acquire a newer construction, passive net lease asset occupied by Valvoline, a nationally recognized and publicly traded tenant with a strong and expanding footprint across North America. The property is secured by a long-term absolute NNN lease with about 10 years remaining, providing stable income with no landlord responsibilities.
The investment is further strengthened by an experienced multi-unit operator with a personal guaranty, adding an additional layer of security. The property sits in a highly active retail corridor directly across from major national retailers including Walmart, Menards, and Lowe's, which helps drive consistent traffic to the area. Located in South Bend, the market is anchored by University of Notre Dame, supporting a stable local economy with year-round demand from students, faculty, and visitors.
The investment is further strengthened by an experienced multi-unit operator with a personal guaranty, adding an additional layer of security. The property sits in a highly active retail corridor directly across from major national retailers including Walmart, Menards, and Lowe's, which helps drive consistent traffic to the area. Located in South Bend, the market is anchored by University of Notre Dame, supporting a stable local economy with year-round demand from students, faculty, and visitors.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
1,674 SF
Building Class
C
Year Built
2021
Price
$2,842,460 CAD
Price Per SF
$1,698.00 CAD
Cap Rate
6.05%
NOI
$171,969 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.00 AC
Zoning
C - Commercial
Parking
7 Spaces (4.18 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Valvoline
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Valvoline | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 71-08-25-177-032.000-002 | Improvements Assessment | $391,265 CAD |
| Land Assessment | $62,108 CAD | Total Assessment | $453,372 CAD |
Property Taxes
Parcel Number
71-08-25-177-032.000-002
Land Assessment
$62,108 CAD
Improvements Assessment
$391,265 CAD
Total Assessment
$453,372 CAD
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Valvoline Instant Oil Change | South Bend, IN | 219 E Ireland Rd
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