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Auto Service - Gas-Conv

Valvoline Instant Oil Change in South Bend, IN | 10 Year Absolute NNN Lease | Major Retail Area

219 E Ireland Rd, South Bend, IN 46614

Listing Price: $2,000,000

Cap Rate
6.05%
Tenant Name
Valvoline Instant Oil Change
Years Remaining On Lease
9.9
Guarantor
Personal Guarantee
Rentable SF
1,674
Lease Type
Absolute Net
Rent Per Square Feet
$72.28

Investment Overview

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

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s) IN: RB14040143

    Indiana

Auto Service - Gas-Conv

Valvoline Instant Oil Change in South Bend, IN | 10 Year Absolute NNN Lease | Major Retail Area

Listing Price: $2,000,000

Cap Rate
6.05%
Tenant Name
Valvoline Instant Oil Change
Years Remaining On Lease
9.9
Guarantor
Personal Guarantee
Rentable SF
1,674
Lease Type
Absolute Net
Rent Per Square Feet
$72.28

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

Investment Overview

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.

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s): IN: RB14040143

    Indiana

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