219 E Ireland Rd - Freestanding FOR SALE


South Bend, IN 46614- Southside South Bend
$2,000,000 USD
818-907-9525
219 E Ireland Rd, South Bend, IN for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/2
null | 6.05% Cap Rate

219 E Ireland Rd
South Bend, IN 46614
Southside South Bend


HIGHLIGHTS

  • LONG TERM ABSOLUTE NNN LEASE: Stable cash flow with 10 years of lease term remaining and zero landlord responsibilities
  • NEWER 2021 CONSTRUCTION: Providing investors with a low-maintenance asset and long-term functionality
  • NATIONALLY RECOGNIZED PUBLICLY TRADED TENANT: Valvoline (NYSE: VVV), one of North America’s largest automotive preventive maintenance providers
  • STRONG OPERATOR WITH PERSONAL GUARANTY: Backed by an experienced multi-unit operator
  • POSITIONED AMONG DOMINANT NATIONAL RETAILERS: Strategically located within a premier retail corridor directly across from major destination retailers
  • EXPOSURE TO THE SOUTH BEND MSA AND NOTRE DAME UNIVERSITY: South Bend is home to the world-renowned University of Notre Dame, a major economic engine

OVERVIEW

This offering presents a rare opportunity to acquire a newer construction, passive net lease asset occupied by Valvoline, a nationally recognized and publicly traded tenant with a strong and expanding footprint across North America. The property is secured by a long-term absolute NNN lease with about 10 years remaining, providing stable income with no landlord responsibilities. The investment is further strengthened by an experienced multi-unit operator with a personal guaranty, adding an additional layer of security. The property sits in a highly active retail corridor directly across from major national retailers including Walmart, Menards, and Lowe's, which helps drive consistent traffic to the area. Located in South Bend, the market is anchored by University of Notre Dame, supporting a stable local economy with year-round demand from students, faculty, and visitors.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$1,195 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valvoline Instant Oil Change | South Bend, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Service Station, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

71-08-25-177-030.000-002,71-08-25-177-032.000-002

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.