Valvoline (GL)

1407 North Central Avenue, Marshfield, WI 54449

$1,548,000

Cap Rate 5.75%

Views: 85 DOM: 153 Updated: 08.14.24 Posted: 04.16.24 Status: Active

Summary

Price $1,548,000	Built/Renov 2024	Tenant Valvoline (GL)
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,664	Lease Start 05-01-2024	#Units 1,850
Price/SF $930.29	Expiration 04-30-2039	Tenant Type Automotive
NOI $89,000	R. Term 14.7	Ownership Ground Lease
Rent/SF $53.49	Increases 10.0%/5/yrs	Pop 5Mi 24,179
Lot/AC 0.86	Options 4/5yrs/10%	AHHI 5Mi $95,499

Matt McParland

Mid-America Real Estate

Contact

Lease Highlights

Brand new 2024 construction
Valvoline recently executed a brand 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 | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: VVV)

Location Description

Valvoline is strategically located at the hard corner intersection of North Central Avenue and East Upham Street, a main north/south thoroughfare, with access to a combined daily traffic count of19,700 vehicles. The property is adjacent to the Marshfield Town Centre, the premier retail center featuring well-known national tenants such as Hobby Lobby, Kohl’s, Harbor Freight, Ross Dress for...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Brand new lease
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

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Links

Valvoline Wikipedia Valvoline Wikipedia Marshfield, Wisconsin Zip Code 54449 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Valvoline, Inc.
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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,247	20,224	24,256
2023 Total Population :	5,200	20,175	24,179
2023 Employed Civilian Pop :	2,287	9,190	11,160
2023 Total Businesses :	331	957	1,099
2023 Average Household Income :	$ 79,120	$ 92,912	$ 95,499
2023 Total Consumer Spending :	$ 187 M	$ 760 M	$ 908 M
2023 Median Age :	42	43	43
2023 Total Households :	2,713	9,405	10,951
2023 Pop Age 25+: Bachelor's Degree :	627	2,804	3,372
2023 Average Home Value :	$ 196,258	$ 228,746	$ 237,490

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Upham St	N Chestnut Ave	2017	6,200	0.09 mi
East Upham Street	Cir Dr	2021	3,300	0.09 mi
West Upham Street	N Balsam Ave	2021	4,800	0.12 mi
North Central Avenue	W McMillan St	2021	13,300	0.13 mi
North Central Avenue	W Jefferson St	2021	14,900	0.19 mi
East Ives Street	N Peach Ave	2021	2,400	0.21 mi
W McMillan St	McMillan St	2019	9,300	0.37 mi
N Peach Ave	Waushara Dr	2011	4,300	0.41 mi
North Central Avenue	W Grant St	2021	12,900	0.43 mi
East McMillan Street	W McMillan St	2021	4,200	0.43 mi

Listing Broker

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