Napa Retail + Regional Hub Facility | Abs NNN | Investment Grade Guarantee | 18 Years | 6% Cap Rate_Property for Sale
Napa Retail + Regional Hub Facility | Abs NNN | Investment Grade Guarantee | 18 Years | 6% Cap Rate_Property for Sale
1535 South Main Street, South Bend, IN, 46613, US

Napa Retail + Regional Hub Facility | Abs NNN | Investment Grade Guarantee | 18 Years | 6% Cap Rate

Asset Description

JLL presents a prime investment opportunity: a single-tenant NAPA Auto Parts property in South Bend, IN. This corner-lot Asset, exposed to 20,200+ VPD, serves as a regional hub supporting 25 nearby NAPA stores. The Tenant's commitment is evident through planned capital improvements, including a $200,000 roof replacement. The Property features an 18-year absolute NNN lease with 1% annual rent increases and four 5-year renewal options. Strategically located in a diverse area with 86,000+ residents within 3 miles, the Asset benefits from high visibility and proximity to key commercial zones. South Bend's central position, connecting major Midwestern cities like Chicago, Indianapolis, and Detroit, enhances its value as a regional hub. This passive, long-term leased property, with its investment-grade tenant (S&P: 'BBB'), offers investors an excellent opportunity in a thriving Midwest market.

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Attributes

Building area net
4,390 m²
Year renovated
2025
Floor to ceiling height
7.32 m
Number of loading docks
2
WAULT
18 years
NOI
€318,000
Cap rate
6%
Asking price
€5,295,000

Media

Investment Highlights

  • 18 years of WALT
  • Industry-leading tenancy (NAPA Market Cap of $17Bn)
  • Geographically centered, within 4 hours of 5 major U.S. MSAs
  • Essential service-based, recession-resistant retailer
  • <2 miles from Notre Dame (top 20 U.S. University, 13,100+ students)
  • Investment grade (S&P: BBB) guarantor
  • Abs. NNN Lease: No landlord responsibility
  • Corner lot with exposure to 20,200+ VPD


Napa Retail + Regional Hub Facility | Abs NNN | Investment Grade Guarantee | 18 Years | 6% Cap Rate 4_Property for Sale

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Napa Retail + Regional Hub Facility | Abs NNN | Investment Grade Guarantee | 18 Years | 6% Cap Rate (0 Properties)

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Last updated
26 Mar 2025