La Porte, IN - Valvoline

Description:

• The tenant recently signed a brand new 15-year lease with 3 (5-year) options, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is absolute NNN with zero landlord responsibilities
• Valvoline is a leading worldwide supplier of premium branded lubricants and automotive services, known for quick oil changes and high-performance oils
• The property recently opened in August 2025 and features a state-of-the-art design using the highest-quality materials

The property is located along Pine Lake Ave, which averages 21,600 vehicles passing by daily and is the major retail thoroughfare serving the city of La Porte. The property also benefits from convenient access to Interstate 90, providing direct connectivity to Downtown Chicago and the greater metropolitan area. Additionally, the area is home to numerous major industrial tenants including Howmet Aerospace, Aero Metals Inc, Renolit, American Licorice Co., and others. The Governor of Indiana recently announced plans for a new $1 Billion Microsoft Data Center, helping increase consumer flow to the subject property. Furthermore, the site features strong surrounding tenants include ALDI, Kroger, Walmart Supercenter, AutoZone, PNC Bank, CVS Pharmacy, and others. Moreover, the city recently announced plans for a
$12 million capital investment in townhomes and single-family homes on the City’s east side. The 5-mile trade area is supported by a population of over 34,900 with an average household income of $89,701.