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Valvoline 3703 National Rd E 2,100 SF 100% Leased Retail Building Richmond, IN 47374 $1,920,000 ($914.29/SF) 5% Cap Rate
EXECUTIVE SUMMARY
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New 15-year corporate ground lease with 10% rent increases through the primary term and each of the four five-year renewal options
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Valvoline Q2 2025 year over year net revenue increase of 4%, system wide sales increase of 11%, and same store sales increase of 6%
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Located on Kroger outlot and the entrance to Walmart Supercenter, with nearby retailers including Menards, Aldi, Hobby Lobby, Dick’s Sporting Goods, Best Buy, and Kohl’s
•
Excellent visibility and access to National Road East (US 40) with average daily traffic counts of 20,757 along National Road (US 40) and 9,675 along 37th Street
New 15-year corporate ground lease with 10% rent increases through the primary term and each of the four five-year renewal options
•
Valvoline Q2 2025 year over year net revenue increase of 4%, system wide sales increase of 11%, and same store sales increase of 6%
•
Located on Kroger outlot and the entrance to Walmart Supercenter, with nearby retailers including Menards, Aldi, Hobby Lobby, Dick’s Sporting Goods, Best Buy, and Kohl’s
•
Excellent visibility and access to National Road East (US 40) with average daily traffic counts of 20,757 along National Road (US 40) and 9,675 along 37th Street
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
2,100 SF
Building Class
B
Year Built
2025
Price
$1,920,000
Price Per SF
$914.29
Cap Rate
5%
NOI
$96,000
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 89-16-35-330-102.000-030 | Improvements Assessment | $120,200 |
| Land Assessment | $807,200 | Total Assessment | $927,400 |
PROPERTY TAXES
Parcel Number
89-16-35-330-102.000-030
Land Assessment
$807,200
Improvements Assessment
$120,200
Total Assessment
$927,400
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Valvoline | 3703 National Rd E
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