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Views: 119 DOM: 27 Updated: 09.06.24 Posted: 08.20.24 Status: Active

Summary

Price $1,272,727
Built/Renov 2024
Tenant Valvoline (GL)
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,015
Lease Start 11-01-2024
#Units 130
Price/SF $631.63
Expiration 10-31-2039
Tenant Type Automotive
NOI $70,000
R. Term 15.1
Ownership Ground Lease
Rent/SF $34.74
Increases 10.0%/5/yrs
Pop 5Mi 104,937
Lot/AC 0.57
Options 4/5yrs/10%
AHHI 5Mi $89,437

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Quality Automotive Systems, the 3rd largest franchisee within Valvoline with over 130 locations

Location Description

Valvoline is strategically located on Killian Road, with access to 36,000 vehicles passing by daily. Positioned just off I-77, the property is in close proximity to well-known national tenants including Kroger, Walmart, Starbucks, Chick-fil-A, Panda Express, Panera Bread, and more. The 5-mile trade area supports a population of 104,937 residents with an average household income of $89,437....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Listing Broker

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