9616 Calumet Ave - Retail FOR SALE
Munster, IN 46321 |
$1,385,000 USD
760-642-9942
9616 Calumet Ave
Munster, IN 46321
HIGHLIGHTS
- Listed for $1,385,000 yielding a cap rate of 6.50%.
- Long-term Lease of ±18 years demonstrates commitment to the site.
- Absolute NNN Lease has zero landlord responsibilities.
- Growing Operator – Valvoline is an actively growing franchisee with more sites set to open soon.
- Rent Increases – 10% increases every 5 years provide effective hedge against inflation.
- Valvoline is a national leader in the quick lube industry – (NYSE: VVV); Valvoline is a Publicly Traded Company With a Market Cap of $5.73 Billion
FOR SALE DETAILS
PRICE
$1,385,000 USD
PRICE/SF
$673 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
VALVOLINE
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.49 AC
LAND SF
21,344 SF
ZONING
R33
APN/PARCEL ID
45-06-25-477-008.000-027
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760-642-9942
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760-642-9942
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