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5603 Grape Rd
Mishawaka, IN 46545
VALVOLINE · Retail Property For Sale
Investment Highlights
- Listed for $2,444,000 yielding a cap rate of 6.75%.
- Newer Development – built in 2022.
- 100% Bonus Depreciation – quick lube properties may qualify for special tax benefits in 2025. **Contact your CPA for more information.
- Strong Retail Synergy – Hobby Lobby, Taco Bell, Firehouse Subs, Discount Tire, ABC Warehouse, McDonald’s, and More.
- Long-term Lease of ±20 years demonstrates commitment to the site.
- Growing Operator – tenant is an actively growing franchisee with more sites set to open soon.
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
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,176 SF
Building Class
B
Year Built
2025
Price
$3,424,166 CAD
Price Per SF
$1,573.61 CAD
Cap Rate
6.75%
NOI
$231,173 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.80 AC
Zoning
C-1 - General Commercial
Parking
10 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
131’ on Grape Road
Property Taxes
| Parcel Number | 71-04-28-376-010.000-005 | Improvements Assessment | $599,509 CAD |
| Land Assessment | $264,518 CAD | Total Assessment | $864,028 CAD |
Property Taxes
Parcel Number
71-04-28-376-010.000-005
Land Assessment
$264,518 CAD
Improvements Assessment
$599,509 CAD
Total Assessment
$864,028 CAD
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