Valvoline

2688 Cherry Road, Rock Hill, SC 29730

$1,600,000

Cap Rate 6.00%

Views: 73 DOM: 99 Updated: 11.11.24 Posted: 08.14.24 Status: Active

Summary

Price $1,600,000	Built/Renov 1989/2023	Tenant Valvoline
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,478	Lease Start 07-01-2023	#Units 110
Price/SF $645.68	Expiration 06-30-2038	Tenant Type Automotive
NOI $96,000	R. Term 13.7	Ownership Fee Simple
Rent/SF $38.74	Increases 10.0%/4/yrs	Pop 5Mi 123,036
Lot/AC 0.52	Options 0/5yrs/10%	AHHI 5Mi $89,608

Lease Highlights

Valvoline has 13+ years remaining on the current lease term with 4 (%-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by QAS Holdings, LLC (110 units backed)

Location Description

Valvoline is strategically located on Cherry Road, with access to a substantial daily traffic count of 74,500 vehicles. The property is conveniently situated off Interstate 77, the main route to Charlotte, and is near the Riverwalk mixed-use development and an Xpress stop. Additionally, the immediate area boasts well-known tenants, including The Home Depot, Circle K, 7-Eleven, Lidl, Sonny's...

...

Key Features

Recent renovation
Build to suit
High traffic 50M+ VPD
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
100+ unit franchisee backed

...

Links

Valvoline Wikipedia Valvoline Wikipedia Rock Hill, South Carolina Zip Code 29730 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Valvoline
Guarantor:Franchisee
Company:QAS Holdings, LLC
# Units:110
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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	8,110	49,164	130,349
2024 Total Population :	7,409	44,454	120,560
2024 Employed Civilian Pop :	4,034	22,928	59,893
2024 Total Businesses :	299	1,461	4,375
2024 Average Household Income :	$ 83,303	$ 108,986	$ 109,865
2024 Total Consumer Spending :	$ 260 M	$ 1766 M	$ 4563 M
2024 Median Age :	34	37	38
2024 Total Households :	3,474	18,373	47,300
2024 Pop Age 25+: Bachelor's Degree :	1,017	7,469	21,523
2024 Average Home Value :	$ 313,535	$ 393,581	$ 413,500

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Cherry Road	Hwy 21 Byp	2022	24,400	0.03 mi
I- 77	Celanese Rd	2017	85,800	0.22 mi
Riverview Road	Riverchase Blvd	2022	4,600	0.32 mi
Cherry Rd	Riverview Rd	2017	36,100	0.35 mi
Riverchase Boulevard	Celanese Rd	2021	45,400	0.38 mi
	Riverchase Blvd	2022	47,400	0.38 mi
North Cherry Road	Cherry Rd	2021	39,500	0.41 mi
North Cherry Road	Cherry Rd	2022	41,200	0.41 mi
Celanese Rd	Riverview Rd	2019	55,000	0.45 mi
Hwy 21 Byp	Grier McGuire Dr	2012	20,600	0.58 mi

Listing Broker

Maxwell Watson

Sands Investment Group

Contact

8 Listings
608 Views
1 Sold

Matt Montagne

Sands Investment Group

Contact

8 Listings
669 Views
1 Sold

Maxwell Watson

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

...

Matt Montagne

I currently work at SANDS Investment Group as a Net Lease Advisor in Commercial Real Estate with more than 4 years specializing in sale leasebacks, convenience stores, gas stations, car washes, automotive shops, and QSR's. Please message me if you are interested in selling or buying commercial real estate, or know of anyone who needs assistance.

...

Tyler Ellinger

Sands Investment Group

Contact

9 Listings
730 Views
1 Sold

Yossi Freeman

Sands Investment Group

Contact

2 Listings
167 Views
0 Sold

Tyler Ellinger

I am a net lease advisor at Sands Investment Group, where I specialize in single tenant net leased properties, and travel center business and real estate transaction, c-store business and real estate transactions, and car wash properties. I have over 11 years of experience in the commercial real estate industry, and I am a former certified public accountant with a master's degree in business administration. My mission is to provide my clients with the best service, market knowledge, and fina

...

Yossi Freeman

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT