1820 E Markland Ave - Freestanding FOR SALE
Kokomo, IN 46901 |
$1,400,000 USD
214-295-8753
1820 E Markland Ave
Kokomo, IN 46901
HIGHLIGHTS
- Absolute NNN Ground Lease: Tenant is responsible for the direct payment of all taxes, insurance, and maintenance associated with the property
- Corporate Guarantee: The lease is corporately guaranteed by Valvoline Inc (NYSE: VVV), providing a landlord with very secure guarantee backing the lea
- 10% Rent Bumps Every 5 Years: The lease is includes 10% rent increases every 5 years and at each renewal option, enhancing returns
- Outparcel to Top Performing Walmart Supercenter: The site is positioned as an outparcel to a Walmart Supercenter, ensuring consistent customer exposur
- The Walmart behind the Valvoline ranks in the top 75th percentile nationally and top 80th percentile in the state of Indiana, per Alpha Maps
- Recent Construction: The Property was developed brand new from the ground up in 2020, providing an owner with a building that is of top-notch quality
FOR SALE DETAILS
PRICE
$1,400,000 USD
PRICE/SF
$840 USD /SF
CAP RATE
5.89%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Valvoline Oil Change
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
36
LAND DETAILS
LAND ACRES
0.62 AC
LAND SF
27,007 SF
ZONING
C
APN/PARCEL ID
34-04-32-352-026.000-002
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214-295-8753
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214-295-8753
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