2168 Us Highway 30Valparaiso, IN 46385

This exceptional investment opportunity presents a single-tenant, 69,509 square foot Strack & Van Til (Hy-Vee) grocery store in Valparaiso, Indiana. Located at 2168 W US Hwy 30, this Class C property boasts a strong 6.00% cap rate and a substantial remaining lease term of 11.1 years, expiring December 31, 2035. The lease commenced December 27, 2012, and features built-in rent bumps of 10% in 2028 and 2033, along with three five-year renewal options requiring 12 months' notice. The current annual net operating income (NOI) is $573,450, with a base rent of $8.20 per square foot. The property, built in 1979, sits on a 1-story building and is zoned C-3. The tenant, a wholly-owned subsidiary of Hy-Vee, provides a corporate guarantee, ensuring financial stability. This prime location on US Highway 30 offers high visibility to over 30,000 vehicles daily and benefits from an internally illuminated pylon sign. The asking price is $9,560,000, translating to $137.54 per square foot. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment opportunity in a growing market. The tenant is responsible for capital replacements such as roof and asphalt, amortized over the useful life. This property is also near Valparaiso University and benefits from high average household incomes exceeding $100,000 annually. The property's parcel number is 64-10-30-253-006.000-004.