309 W Plaza Dr - Restaurant FOR SALE


Columbia City, IN 46725
$1,363,636 USD
914-403-7574
309 W Plaza Dr, Columbia City, IN for Sale
$1,363,636 USD
Restaurant - FOR SALE
1/3
null | 5.5% Cap Rate

309 W Plaza Dr
Columbia City, IN 46725


HIGHLIGHTS

  • Long-Term NNN Lease
  • Brand New 2026 Construction
  • Valvoline Corporate Guaranty
  • Scheduled Rent Increases

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,363,636 USD

PRICE/SF

$381 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valvoline

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,426 SF

ZONING

C

APN/PARCEL ID

92-06-03-102-007.000-004

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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