150 Silhavy Rd - Storefront FOR SALE


Valparaiso, IN 46383
$7,791,000 USD
760-448-2449
150 Silhavy Rd, Valparaiso, IN for Sale
$7,791,000 USD
Storefront - FOR SALE
1/7
null | 7.25% Cap Rate

150 Silhavy Rd
Valparaiso, IN 46383


HIGHLIGHTS

  • Barnes & Noble / PetSmart - Strong Corporate Credit – National Retailers – Long-Term Triple-Net (NNN) Leases
  • Irreplaceable “A+” Location – Situated Within Two Top Ranked Regional Power Centers – Valparaiso Marketplace & Valparaiso Walk – Over 7 Million Combin
  • Institutional Quality Asset - No Deferred Maintenance - Recent Landlord Improvements To Roof, HVAC, Parking Lot – Brand New Loading Dock (PetSmart)
  • Major Retail Corridor Fed by the Interchange of State Hwy 49, Hwy 30 & Laporte Ave - Combined Traffic Counts of 78,000 VPD
  • Adjacent To Both Valparaiso University & Ivy Tech Community College
  • Valparaiso Is the County Seat For Porter County – Growing population Of Over 170,000

OVERVIEW

Lee & Associates are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in the Two-Tenant Valparaiso Marketplace “Subject Property”, located at 150 Silhavy Rd, Valparaiso, Indiana. Built in 2002 and renovated in 2023, the Subject Property consists of a 33,766 square foot multi-tenant buildings that resides on a 3.63-acre parcel. The subject property is leased to PetSmart on a new 10-year triple-net lease, and to Barnes & Noble, who just renewed their lease early for 5+ years on a triple-net lease, with rent increases. Barnes & Noble has been successfully operating at this location since 2002.

FOR SALE DETAILS

PRICE

$7,791,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PetSmart and Barnes & Noble

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

3.63 AC

LAND SF

158,123 SF

ZONING

C

APN/PARCEL ID

64-10-19-476-004.000-004

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.