150 Silhavy Rd Valparaiso Indiana, 46383 - Valparaiso Marketplace | Barnes & Noble and PetSmart

Published on: Friday, August 23, 2024

Updated on: Friday, August 23, 2024

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About the Lister

Name: Ryan Bennett

Company: NNN Investment Group

Office Phone: 760-448-2449

Cell Phone: 760-519-0240

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Valparaiso Marketplace | Barnes & Noble and PetSmart
150 Silhavy Rd Valparaiso Indiana , 46383

NNN Investment Group
Listing ID: CL-Indiana-11543

Purchase Option

Asking Price: $8,368,000

Acquisition Option: Traditional Purchase

Cap Rate (%): 6.75

Net Operating Income: $564,850

Commission Split (%): 0

Quick Glance

Listing ID: CL-Indiana-11543

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: N/A

Building Size: N/A SqFt

Lot Size: N/A

No of Stories: N/A

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: Yes

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

Listing Summary

Lee & Associates are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in a Valparaiso Marketplace “Subject Property”, located at 150 Silhavy Rd, Valparaiso, Indiana.

Complete Details

Year Build: N/A

Building Size: N/A

No of Stories: N/A

Total Lot Area: N/A Not Specified

No of Parking: N/A

No of Total Units: N/A

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: Yes

Roofing: Not Specified

Occupancy: 0%

Full Description

Lee & Associates are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in the Two-Tenant Valparaiso Marketplace “Subject Property”, located at 150 Silhavy Rd, Valparaiso, Indiana. Built in 2002 and renovated in 2023, the Subject Property consists of a 33,766 square foot multi-tenant buildings that resides on a 3.63-acre parcel. The subject property is leased to PetSmart on a new 10-year triple-net lease, and to Barnes & Noble, who just renewed their lease early for 5+ years on a triple-net lease, with rent increases. Barnes & Noble has been successfully operating at this location since 2002.

Additional Links

Contacts

Associate/Business Development: Drew Olson, Phone: 760.448.1372 ,

Listing Location

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