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| Price $1,415,929 | Built/Renov 2024 | Tenant Valvoline (GL) |
| Cap Rate 5.65% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,088
| Lease Start
07-25-2024
| #Units
1,850
|
| Price/SF $678.13 | Expiration
07-31-2039
| Tenant Type Automotive |
| NOI $80,000 | R. Term 14.7 | Ownership Ground Lease |
| Rent/SF
$38.31
| Increases 10.0%/5/yrs | Pop 5Mi 68,374 |
| Lot/AC 0.57 | Options 4/5yrs/10% | AHHI 5Mi $89,117 |
| | |
Valvoline is strategically located at the signalized, hard corner intersection of Prill Road and Gateway Drive, with two points entry and access to 19,200 vehicles passing by daily. The property is situated down the street from a Walmart Supercenter and surrounded by well-known national-brand tenants such as Sam’s Club, ALDI, Kohl’s, Menards, T.J. Maxx, and Best Buy. The 5-mile trade area is...
...New construction
Signalized intersection
Dense retail corridor
Near major nationals
Affluent suburb location
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 5,193 | 31,756 | 70,830 |
| 2024 Total Population : | 4,683 | 30,671 | 68,892 |
| 2024 Employed Civilian Pop : | 2,640 | 16,429 | 37,840 |
| 2024 Total Businesses : | 375 | 1,742 | 3,291 |
| 2024 Average Household Income : | $ 106,062 | $ 103,488 | $ 95,080 |
| 2024 Total Consumer Spending : | $ 209 M | $ 1218 M | $ 2413 M |
| 2024 Median Age : | 41 | 39 | 34 |
| 2024 Total Households : | 2,251 | 13,444 | 28,847 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,013 | 5,780 | 11,103 |
| 2024 Average Home Value : | $ 419,843 | $ 318,458 | $ 316,271 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Prill Rd | 2021 | 13,900 | 0.06 mi | |
| CTH AA | Prill Rd | 2021 | 23,700 | 0.12 mi |
| Prill Rd | Golf Rd | 2016 | 20,700 | 0.16 mi |
| Golf Rd | 2021 | 2,600 | 0.19 mi | |
| US Hwy 53 | Golf Rd | 2016 | 3,000 | 0.22 mi |
| Gateway Dr | 2021 | 10,600 | 0.26 mi | |
| Golf Rd | 2021 | 2,800 | 0.29 mi | |
| Golf Rd | 2021 | 16,300 | 0.35 mi | |
| US Hwy 53 | 2021 | 11,200 | 0.36 mi | |
| Golf Road | Hwy 53 | 2021 | 17,900 | 0.38 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
