Listed by SURMOUNT
$1,363,636
Valvoline
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,462
Cap Rate 5.5%
NOI $75,000
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type NNN
Lease Term 15
Lease Expiration 05/31/2041
Remaining Term 14.9
Price per SqFt $933
Year Built 2026
Acreage 0.950
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2026
Ownership Ground Lease
Retail | 5.50% CAP | 1,462 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Valvoline located at 309 West Plaza Drive, Columbia City, IN 46725. The site consists of roughly 1,462 rentable square feet of building space on an estimated .95-acre parcel of land. Valvoline is subject to a 15-year Triple Net (NNN) lease, rent is expected to commence 6/1/2026. The current annual rent is $75,000 and has scheduled increases of 10.00% Every 5 Years.
Investment highlights
- Long-Term NNN Lease | 15-year absolute NNN lease with zero landlord responsibilities, providing passive and stable income.
- Brand New 2026 Construction | Construction expected to be completed Spring 2026 followed by estimated rent commencement of June 1 st, 2026.
- Valvoline Corporate Guaranty | Valvoline is a nationally recognized automotive service provider with over 2,000 stores throughout the US. In 2025 Valvoline reported $3.5B of system wide store sales and 6% same store sales growth.
- Scheduled Rent Increases | 10% rent increases every 5 years offer strong built-in income growth and hedge against inflation.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,000.00
$6,250.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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