Published on: Friday, August 23, 2024
Updated on: Tuesday, January 28, 2025
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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
150 Silhavy Rd Valparaiso Indiana , 46383  NNN Investment Group
Listing ID: CL-Indiana-11543

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.25
Net Operating Income: $564,850.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Indiana-11543
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2002
Building Size: 33,766.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: 165
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: 2002
Building Size: 33,766
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: 165
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 Properties
Property Highlights
  • Barnes & Noble / PetSmart – Strong Corporate Credit – National Retailers – Long-Term Triple-Net (NNN) Leases
  • Irreplaceable “A+” Location – Situated Within Two Top Ranked Regional Power Centers – Valparaiso Marketplace & Valparaiso Walk – Over 7 Million Combined Visitors Annually (Source: Placer.Ai)
  • Institutional Quality Asset – No Deferred Maintenance – Recent Landlord Improvements To Roof, HVAC, Parking Lot – Brand New Loading Dock (PetSmart)
  • Major Retail Corridor Fed by the Interchange of State Hwy 49, Hwy 30 & Laporte Ave – Combined Traffic Counts of 78,000 VPD
  • Adjacent To Both Valparaiso University & Ivy Tech Community College
  • Valparaiso Is the County Seat For Porter County – Growing population Of Over 170,000
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2025
$0.00
$0.00
$0.00
$564,850.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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