$1,166,000 USD
972-755-5205
13078 Tegler Dr
Noblesville, IN 46060
Noblesville/Durbin
HIGHLIGHTS
- 20-Year Corporate Ground Lease - Brand New 2025 Construction - 10 Percent Rental Escalations Every Five Years
- Adjacent to Hamilton Town Center (690,000-SF Retail Development with 100+ Retailers) and a BJ’s Wholesale Club (Built 2022)
- Surrounded by Major Developments, Including Saxony Village (450-Acre; Mixed-Use) and the Proposed Gateway Lakes Residential Community (1,100 Acres; 20
- More Than 120,882 Residents – 51 Percent Increase Since 2010 Within a Five-Mile Radius
- Corporate Guarantee from a Publicly Traded Company (Market Cap: $4B+)
OVERVIEW
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Valvoline in Noblesville, IN. The property consists of a 2,100-square-foot, freestanding building that sits on approximately 0.97 acres of land. There are 20 years remaining on the lease with 10% rental increases every 5 years.
FOR SALE DETAILS
PRICE
$1,166,000 USD
PRICE/SF
$555 USD /SF
CAP RATE
5.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Valvoline (20-Year Corporate Ground Lease)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.97 AC
LAND SF
42,253 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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972-755-5205
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972-755-5205
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