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Valvoline | New 15yr Abs NNN w/ Incrs 103 Warren St 2,050 SF Retail Building La Porte, IN 46350 $3,199,000 ($1,560.49/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease with Increases | Absolute NNN Leased | Franchisee Guaranteed | Established Brand | Brand New Build
- Direct Residential Consumer Base | Growing Home Market |Strong Demographics in 5-Mile Trade Area
- Located Along Pine Lake Avenue | Centralized Location | Strong Retail & Industrial Trade Area | New Microsoft Data Center
EXECUTIVE SUMMARY
• The tenant recently signed a brand new 15-year lease with 3 (5-year) options, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is absolute NNN with zero landlord responsibilities
• Valvoline is a leading worldwide supplier of premium branded lubricants and automotive services, known for quick oil changes and high-performance oils
• The property recently opened in August 2025 and features a state-of-the-art design using the highest-quality materials
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is absolute NNN with zero landlord responsibilities
• Valvoline is a leading worldwide supplier of premium branded lubricants and automotive services, known for quick oil changes and high-performance oils
• The property recently opened in August 2025 and features a state-of-the-art design using the highest-quality materials
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,050 SF
Building Class
B
Year Built
2025
Price
$3,199,000
Price Per SF
$1,560.49
Cap Rate
6.75%
NOI
$215,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.72 AC
Zoning
B-2 - General Commercial
Parking
11 Spaces (5.37 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Drive Thru
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Valvoline
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Valvoline | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 46-06-35-102-005.000-043 | Improvements Assessment | $0 |
| Land Assessment | $14,400 | Total Assessment | $14,400 |
PROPERTY TAXES
Parcel Number
46-06-35-102-005.000-043
Land Assessment
$14,400
Improvements Assessment
$0
Total Assessment
$14,400
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Valvoline | New 15yr Abs NNN w/ Incrs | 103 Warren St
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