Skip to main content

Auto Service - Gas-Conv

Valvoline

8103 Rockville Rd, Indianapolis, IN 46214

Listing Price: $1,727,273

Cap Rate
5.50%
Tenant Name
Valvoline LLC
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,104
Lease Type
Ground Lease
Rent Per Square Feet
$45.15

Investment Overview

Marcus & Millichap presents for sale the Valvoline in Indianapolis, Indiana. This property is
currently being built with an estimated Rent Commencement Date in July of 2024.

The property features an absolute net ground lease, with the landlord having no responsibilities.
The initial lease term spans 15 years with four additional five-year renewal periods. The
lease incorporates rent escalations of 10% every 5 years to offset inflation. The Property
is in Indianapolis, IN, positioned 7 miles west of downtown on the busy Rockville Road
throughfare that sees over 48,000 vehicles daily. The property is on a strategically located
pad adjacent to Belle Tire, Culver’s, and America Select Suites hotel, and across the street
from Kroger, a major supermarket and multi-department facility.

This offering presents the
opportunity to acquire a newly executed long-term corporately guaranteed Valvoline ground
lease with notable increases every five years, within the densely populated west Indianapolis,
Indiana, submarket.

Investment Highlights

  • Newly Executed Long-Term Ground Lease — Zero Landlord Responsibilities
  • Four, 5-Year Options After Initial Lease Term
  • Brand New 2024 Construction with Expected Rent Commencement Date in July 2024
  • Densely Populated & Burgeoning Indianapolis Submarket
  • Superior Retail Corridor – National Tenants including Kroger, Culvers, AutoZone, and Frito-Lay Inc Facility among others
  • High Visibility Frontage on Rockville Road — Salient Over 48,000 Vehicles Per Day Indianapolis Artery

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Auto Service - Gas-Conv

Valvoline

Listing Price: $1,727,273

Cap Rate
5.50%
Tenant Name
Valvoline LLC
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,104
Lease Type
Ground Lease
Rent Per Square Feet
$45.15

Investment Highlights

  • Newly Executed Long-Term Ground Lease — Zero Landlord Responsibilities
  • Four, 5-Year Options After Initial Lease Term
  • Brand New 2024 Construction with Expected Rent Commencement Date in July 2024
  • Densely Populated & Burgeoning Indianapolis Submarket
  • Superior Retail Corridor – National Tenants including Kroger, Culvers, AutoZone, and Frito-Lay Inc Facility among others
  • High Visibility Frontage on Rockville Road — Salient Over 48,000 Vehicles Per Day Indianapolis Artery

Investment Overview

Marcus & Millichap presents for sale the Valvoline in Indianapolis, Indiana. This property is currently being built with an estimated Rent Commencement Date in July of 2024. The property features an absolute net ground lease, with the landlord having no responsibilities. The initial lease term spans 15 years with four additional five-year renewal periods. The lease incorporates rent escalations of 10% every 5 years to offset inflation. The Property is in Indianapolis, IN, positioned 7 miles west of downtown on the busy Rockville Road throughfare that sees over 48,000 vehicles daily. The property is on a strategically located pad adjacent to Belle Tire, Culver’s, and America Select Suites hotel, and across the street from Kroger, a major supermarket and multi-department facility. This offering presents the opportunity to acquire a newly executed long-term corporately guaranteed Valvoline ground lease with notable increases every five years, within the densely populated west Indianapolis, Indiana, submarket.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

MM Texture Background
MM Textured Background Lower