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Valvoline 2425 Cassopolis St 2,500 SF Retail Building Elkhart, IN 46514 $2,148,000 ($859.20/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Listed for $2,148,000 yielding a cap rate of 6.75%.
- 100% Bonus Depreciation – quick lube properties may qualify for special tax benefits in 2025. **Contact your CPA for more information.
- New Development – built in 2025.
- Long-term Lease of ±20 Years demonstrates commitment to the site.
- Adjacent to Meijer Shopping Center
- Absolute NNN Lease has zero landlord responsibilities.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built
2025
Price
$2,148,000
Price Per SF
$859.20
Cap Rate
6.75%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.04 AC
Opportunity Zone
Yes
Zoning
B-3 - General Commercial
Parking
100 Spaces (40 Spaces per 1,000 SF Leased)
Frontage
139’ on Cassopolis St
AMENITIES
- Pylon Sign
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
- $5.00
- Triple Net
- Apr 2040
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | $5.00 | Triple Net | Apr 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-02-29-251-017.000-027 | Improvements Assessment | $0 |
| Land Assessment | $99,900 | Total Assessment | $99,900 |
PROPERTY TAXES
Parcel Number
20-02-29-251-017.000-027
Land Assessment
$99,900
Improvements Assessment
$0
Total Assessment
$99,900
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Valvoline | 2425 Cassopolis St
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