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1820 E Markland Ave
Kokomo, IN 46901

$1,460,176 USD

Freestanding For Sale  •  1,666 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 1,667 SF
  • Lot Size 0.62 AC
  • Building Class B
  • Year Built 2020
  • Cap Rate 5.65 %
  • Tenancy Single
  • Zoning C
0 Transit Score
65 Walk Score

Highlights

Absolute NNN Ground Lease: Tenant is responsible for the direct payment of all taxes, insurance, and maintenance associated with the property
Corporate Guarantee: The lease is corporately guaranteed by Valvoline Inc (NYSE: VVV), providing a landlord with very secure guarantee backing the lea
10% Rent Bumps Every 5 Years: The lease is includes 10% rent increases every 5 years and at each renewal option, enhancing returns
Outparcel to Top Performing Walmart Supercenter: The site is positioned as an outparcel to a Walmart Supercenter, ensuring consistent customer exposur
The Walmart behind the Valvoline ranks in the top 75th percentile nationally and top 80th percentile in the state of Indiana, per Alpha Maps
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
Cap Rate: 5.65 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes
Nathan Roberto 925-858-6965 Matthews Real Estate Investment Services
Nathan Roberto 925-858-6965 Matthews Real Estate Investment Services