www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34004069
34004068

219 East Ireland Road, South Bend, IN 46614

LR
CA CA 01267761
Marcus & Millichap - Encino
GL
CA CA 02126292
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$2,000,000
2 days on market
Updated 2 days ago

Valvoline Instant Oil Change | South Bend, IN

Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront (+1)
Square Footage 1,674
Cap Rate 6.05%
NOI $121,000
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 05/31/2036
Remaining Term 9.9
Rent Bumps Yes
Lease Options 3x5
Price per SqFt $1,195
Broker Co-Op True
Year Built 2021
Acreage 0.810
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 05/15/2021
Ground Lease No
Ownership Fee Simple

10 Year Absolute NNN Lease

Marketing description

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.

Investment highlights

  • LONG TERM ABSOLUTE NNN LEASE: Stable cash flow with 10 years of lease term remaining and zero landlord responsibilities, offering a truly passive investment opportunity
  • NEWER 2021 CONSTRUCTION: Modern, purpose-built facility requiring limited near-term capital expenditures, providing investors with a low-maintenance asset and long-term functionality
  • NATIONALLY RECOGNIZED PUBLICLY TRADED TENANT: Valvoline (NYSE: VVV), one of North America’s largest automotive preventive maintenance providers, has more than 2,400 locations across North America
  • STRONG OPERATOR WITH PERSONAL GUARANTY: Backed by an experienced multi-unit operator and personal guaranty, providing an additional layer of security
  • POSITIONED AMONG DOMINANT NATIONAL RETAILERS: Strategically located within a premier retail corridor directly across from major destination retailers including Menards, Walmart, and Lowe’s, driving consistent consumer traffic
  • 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 supporting employment, tourism, enrollment growth, and year-round consumer demand

Listing Contacts

LR
CA CA 01267761
Marcus & Millichap - Encino
GL
CA CA 02126292
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,000.00
$10,083.33/mo

Valuation Metrics

0
DSCR
6.05%
Cap Rate
6.05%
ROI

Map

Zoning

Intelligence Badge
C CommercialGeneral CommercialCommercial
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 99 uses
View all 99 uses
Last updated Mar 12, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Julia Evinger
License
RB14040143
Brokerage
Marcus & Millichap
Brokerage Phone
317-218-5300
Title
Broker of Record
Brokerage Address
510 E 96th St, Ste 200, Indianapolis, IN 46240
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591