Valvoline Absolute NNN Auto
For Sale
$2,000,000
219 E Ireland Rd, South Bend, IN 46614
Newer construction auto shop on an absolute NNN lease with Valvoline, positioned across from major national retailers.
Property Size1,674 SF
Price / SF$1,194
Days on Market65
Property Features for 219 E Ireland Rd
General Information
Standard status
Active
Size
1,674 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
Absolute Net
Additional Details
Cap Rate
6.05%
Amenities
LONG TERM ABSOLUTE NNN LEASE: Stable cash flow with 10 years of lease term remaining and zero landlord responsibilities, offering a truly passive investment opportunity
NEWER 2021 CONSTRUCTION: Modern, purpose-built facility requiring limited near-term capital expenditures, 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, has more than 2,400 locations across North America
STRONG OPERATOR WITH PERSONAL GUARANTY: Backed by an experienced multi-unit operator and personal guaranty, providing an additional layer of security
POSITIONED AMONG DOMINANT NATIONAL RETAILERS: Strategically located within a premier retail corridor directly across from major destination retailers including Menards, Walmart, and Lowe's, driving consistent consumer traffic
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 supporting employment, tourism, enrollment growth, and year-round consumer demand
Building Details
Building Size
1,674 SF
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Lior Regenstreif · License #License(s): CA: 01267761
(818) 212-2730
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 25
Last Checked: Sep 2 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This offering is a newer construction auto shop occupied by Valvoline on a passive net lease structure. The property is secured by an absolute NNN lease with about 10 years remaining, and the arrangement is presented as providing stable income with no landlord responsibilities.
The tenant is Valvoline, a nationally recognized and publicly traded company. Additional credit support is described as coming from an experienced multi-unit operator with a personal guaranty.
The site is located in South Bend within an active retail corridor directly across from major national retailers including Walmart, Menards, and Lowe’s. The area is also noted as being anchored by the University of Notre Dame, supporting year-round local demand from students, faculty, and visitors.
The tenant is Valvoline, a nationally recognized and publicly traded company. Additional credit support is described as coming from an experienced multi-unit operator with a personal guaranty.
The site is located in South Bend within an active retail corridor directly across from major national retailers including Walmart, Menards, and Lowe’s. The area is also noted as being anchored by the University of Notre Dame, supporting year-round local demand from students, faculty, and visitors.
Key Highlights
- Newer construction auto shop occupied by Valvoline on an absolute NNN lease
- About 10 years remaining on the long‑term absolute NNN lease
- Passive net lease structure with no landlord responsibilities stated
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
434k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 20%
Home Improvements & Furnishings 18%
Groceries 6%
Chick-fil-A
Dining
57,625 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
44,204 visits/mo
0.3 miles
Texas Roadhouse
Dining
31,720 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
31,718 visits/mo
0.4 miles
Aldi
Groceries
26,140 visits/mo
0.1 miles
Demographics for 46614, IN
29,917
Population
12,995
Households
2.3
Avg Household Size
43
Median Age
34%
College-Educated
93%
High-School Grad
53.2 sq mi
ZIP Area
562
Density / Sq Mi
$70,998
Median Household Income
$43,793
Median Earnings
$886
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Walmart Auto Care Centers — 700 W Ireland Rd, South Bend, IN 46614
- Service @ Gates Toyota — Erskine Commons, 640 W Ireland Rd, South Bend, IN 46614
- Gurley Leep Lincoln Service — 320 E Ireland Rd Suite #5, South Bend, IN 46614
- Service Center at Gurley Leep Ford-Lincoln — 320 E Ireland Rd Suite #2, South Bend, IN 46614
- Collision Express — 324 E Ireland Rd, South Bend, IN 46614
Frequently Asked Questions
What type of property is this?
Auto shop - Newer construction auto shop on an absolute NNN lease with Valvoline, positioned across from major national retailers.
Where is this auto shop located?
The property is located at 219 E Ireland Rd South Bend, IN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Newer construction auto shop occupied by Valvoline on an absolute NNN lease; About 10 years remaining on the long‑term absolute NNN lease; Passive net lease structure with no landlord responsibilities stated
