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Views: 17 DOM: 17 Updated: 05.01.24 Posted: 05.01.24 Status: Active

Summary

Price $1,621,000
Built/Renov 1987/2011
Tenant Valvoline (GL)
Cap Rate 5.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,752
Lease Start 03-30-2024
#Units 1,850
Price/SF $589.03
Expiration 03-31-2039
Tenant Type Automotive
NOI $91,598
R. Term 14.10
Ownership Ground Lease
Rent/SF $33.28
Increases 15.0%/5/yrs
Pop 5Mi 169,805
Lot/AC 0.59
Options 3/5yrs/15%
AHHI 5Mi $127,371

Lease Highlights

  • Valvoline recently executed a brand new 15-year ground lease with 3 (5-year) options to extend
  • The lease features 15% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Valvoline is strategically located on Olive Boulevard, with access to 32,800 vehicles passing by daily. The property is conveniently situated 1 mile west of Interstate 270, which sees 229,000 VPD. This location ranks within the top 9% performing stores in the chain according to Placer.ai. Additionally, the area features well-known national tenants including State Farm, Trader Joe’s, Verizon,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Valvoline
  • Guarantor:Corp T and Rated
  • Company:Valvoline Inc.
  • # Units:1,850
  • Tenant S&P: BB
  • Moody’s: Ba2
  • Stock: NYSE: VVV

About Tenant

Valvoline Inc. is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Valvoline was established in 1866 in...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Olive Blvd Craig Rd 2012 30,633 0.17 mi
Olive Blvd Renee Ln 2013 30,633 0.20 mi
Craig Rd Olive Blvd 2013 9,038 0.25 mi
Office Pkwy 2022 3,720 0.33 mi
Craig Road Debonnaire Dr 2022 3,692 0.34 mi
Olive Boulevard Dautel Ln 2022 11,404 0.39 mi
Olive Boulevard Schulte Rd 2022 11,094 0.39 mi
Schulte Road Olive Blvd 2017 4,260 0.39 mi
Craig Road New Ballas Pl 2015 8,710 0.40 mi
Olive Blvd Schulte Rd 2019 15,276 0.40 mi

Listing Broker

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