1820 Markland AveKokomo, IN 46901

This exceptional investment opportunity presents a single-tenant, absolute NNN ground lease on a 1,667 square foot Valvoline Instant Oil Change in Kokomo, Indiana. Located on East Markland Avenue, this property benefits from its strategic outparcel position to a high-performing Walmart Supercenter, ensuring consistent customer traffic within a thriving retail corridor. Built in 2020, the property boasts a 100% occupancy rate with a corporate guarantee from Valvoline Inc. (NYSE: VVV), providing exceptional security and passive income. The lease, commencing August 15, 2020, and expiring August 17, 2035, offers a substantial remaining term of 10.7 years, with built-in 10% rent bumps every five years, protecting against inflation. The current Net Operating Income (NOI) stands at $82,500, yielding a 5.65% cap rate. The lease includes three and five-year renewal options, further enhancing the long-term value of this investment. Kokomo's robust population growth and the presence of numerous national retailers in the immediate vicinity solidify this property's position as a prime retail investment. This offering is ideal for 1031 exchange buyers seeking a secure, high-performing asset with significant upside potential.