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1820 E Markland Ave
Kokomo, IN 46901
Valvoline Oil Change · Retail Property For Sale
Investment Highlights
- Absolute NNN Ground Lease: Tenant is responsible for the direct payment of all taxes, insurance, and maintenance associated with the property
- 10% Rent Bumps Every 5 Years: The lease is includes 10% rent increases every 5 years and at each renewal option, enhancing returns
- The Walmart behind the Valvoline ranks in the top 75th percentile nationally and top 80th percentile in the state of Indiana, per Alpha Maps
- Corporate Guarantee: The lease is corporately guaranteed by Valvoline Inc (NYSE: VVV), providing a landlord with very secure guarantee backing the lea
- Outparcel to Top Performing Walmart Supercenter: The site is positioned as an outparcel to a Walmart Supercenter, ensuring consistent customer exposur
- 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
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,667 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.62 AC
Zoning
C - Commercial
Parking
36 Spaces (21.6 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 34-04-32-352-017.000-002 | Improvements Assessment | $39,500 |
| Land Assessment | $182,000 | Total Assessment | $221,500 |
Property Taxes
Parcel Number
34-04-32-352-017.000-002
Land Assessment
$182,000
Improvements Assessment
$39,500
Total Assessment
$221,500
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