3703 National Rd E - Retail FOR SALE


Richmond, IN 47374
$1,920,000 USD
317-269-1089
3703 National Rd E, Richmond, IN for Sale
$1,920,000 USD
Retail - FOR SALE
1/3
null | 5% Cap Rate

3703 National Rd E
Richmond, IN 47374


OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$914 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Valvoline

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

89-16-35-330-102.000-030

ASK ABOUT THIS PROPERTY

Kevin BroderickCBRE, Inc.More Info
317-269-1089

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Kevin BroderickCBRE, Inc.More Info
317-269-1089

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