Valvoline

1801 Justin Road, Flower Mound, TX 75028

$1,735,000

Cap Rate 5.50%

Views: 68 DOM: 21 Updated: 11.30.23 Posted: 09.19.23 Status: Sold 10.11.23

Summary

Price $1,735,000	Built/Renov 2000	Tenant Valvoline
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,491	Lease Start 05-01-2021	#Units 1,715
Price/SF $496.99	Expiration 04-30-2036	Tenant Type Automotive
NOI $95,344	R. Term 11.4	Ownership Fee Simple
Rent/SF $27.31	Increases 10.0%/5/yrs	Pop 5Mi 201,182
Lot/AC 0.70	Options 3/5yrs/10%	AHHI 5Mi $148,115

Lease Highlights

Valvoline currently has over 12 years remaining on the current lease term with 3 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Valvoline Inc. (NYSE: VVV)

Location Description

This Valvoline is strategically located on Justin Road, a dominant retail corridor that sees 28,500+ vehicles passing by daily. The property benefits from shared access between RaceTrac, Christian Brothers Automotive, Discount Tire, National Tire and Battery, and O’Reilly Auto, creating excellent synergy among tenants. The site is positioned in a dense, high-growth area with strong...

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Key Features

Build to suit
Near major nationals
Strategically located
Highway location
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee

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Links

Valvoline Wikipedia Valvoline Wikipedia Flower Mound, Texas Zip Code 75028 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Valvoline
Guarantor:Corp T and Rated
Company:Valvoline Inc.
# Units:1,715
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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	10,673	81,249	195,045
2023 Total Population :	10,770	80,462	192,601
2023 Employed Civilian Pop :	6,169	45,203	105,015
2023 Total Businesses :	467	3,231	6,530
2023 Average Household Income :	$ 173,003	$ 150,211	$ 152,720
2023 Total Consumer Spending :	$ 505 M	$ 3718 M	$ 8620 M
2023 Median Age :	40	40	38
2023 Total Households :	3,499	29,261	66,622
2023 Pop Age 25+: Bachelor's Degree :	2,661	20,790	46,084
2023 Average Home Value :	$ 399,178	$ 427,377	$ 426,225

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Justin Rd	Stone Hill Farms Pkwy	2011	29,256	0.22 mi
Highland Village Rd	Nowlin Dr	2004	10,460	0.34 mi
Valley Ridge Blvd	Fox Glen Ln	2011	11,357	0.34 mi
Village Estates Dr	Villa PkDr	2009	570	0.37 mi
Morriss Rd	Justin Rd	2011	14,986	0.40 mi
Sellmeyer Ln	Meadowcrest Dr	2004	4,590	0.52 mi
Dixon Ln	Morriss Rd	2004	6,640	0.55 mi
Desiree Ln	Medina Dr	2009	450	0.56 mi
Morriss Rd	Dixon Ln	2011	18,308	0.57 mi
Aspen Dr	Justin Rd	2009	1,190	0.62 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
18243 Views
63 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
17805 Views
65 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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