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Valvoline 309 W Plaza Dr 3,582 SF Retail Building Columbia City, IN 46725 $1,363,636 ($380.69/SF) 5.50% Cap Rate
Investment Highlights
- Long-Term NNN Lease
- Valvoline Corporate Guaranty
- Brand New 2026 Construction
- Scheduled Rent Increases
Executive Summary
Surmount is pleased to present the exclusive listing for a Valvoline located at 309 West Plaza Drive, Columbia City, IN 46725. The site consists of roughly 1,462 rentable square feet of building space on an estimated .95-acre parcel of land. Valvoline is subject to a 15-year Triple Net (NNN) lease, rent is expected to commence 6/1/2026. The current annual rent is $75,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,582 SF
Building Class
C
Year Built/Renovated
1996/1997
Price
$1,363,636
Price Per SF
$380.69
Cap Rate
5.50%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.95 AC
Zoning
C - Commercial
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 92-06-03-102-007.000-004 | Improvements Assessment | $905,400 |
| Land Assessment | $126,000 | Total Assessment | $1,031,400 |
Property Taxes
Parcel Number
92-06-03-102-007.000-004
Land Assessment
$126,000
Improvements Assessment
$905,400
Total Assessment
$1,031,400
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Valvoline | 309 W Plaza Dr
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