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Valvoline 2425 Cassopolis St 2,500 SF Retail Building Elkhart, IN 46514 $2,985,698 CAD ($1,194.28 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Listed for $2,148,000 yielding a cap rate of 6.75%.
- 100% Bonus Depreciation – quick lube properties may qualify for special tax benefits in 2025. **Contact your CPA for more information.
- New Development – built in 2025.
- Long-term Lease of ±20 Years demonstrates commitment to the site.
- Adjacent to Meijer Shopping Center
- Absolute NNN Lease has zero landlord responsibilities.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built
2025
Price
$2,985,698 CAD
Price Per SF
$1,194.28 CAD
Cap Rate
6.75%
NOI
$201,549 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.04 AC
Opportunity Zone
Yes
Zoning
B-3 - General Commercial
Parking
100 Spaces (40 Spaces per 1,000 SF Leased)
Frontage
139’ on Cassopolis St
AMENITIES
- Pylon Sign
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
- $6.96 CAD
- Triple Net
- Apr 2040
Valvoline™ a passé plus de 150 ans sous le capot à perfectionner ses lubrifiants pour améliorer la performance du véhicule. En tant que division de Valvoline, Valvoline Instant Oil Change fait partie de ce riche patrimoine. Avec des changements d'huile en environ 15 minutes et plus de 1 500 emplacements, Valvoline Instant Oil Change permettra aux clients de rester sur la route afin qu'ils restent au top de leurs activités. Grâce à leurs services d'entretien préventif, ils économiseront en moyenne 20 à 50 % de plus que la plupart des concessionnaires.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | $6.96 CAD | Triple Net | Apr 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-02-29-251-017.000-027 | Improvements Assessment | $0 CAD |
| Land Assessment | $137,213 CAD | Total Assessment | $137,213 CAD |
PROPERTY TAXES
Parcel Number
20-02-29-251-017.000-027
Land Assessment
$137,213 CAD
Improvements Assessment
$0 CAD
Total Assessment
$137,213 CAD
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Valvoline | 2425 Cassopolis St
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