Valvoline (GL)

11333 Old Olive Street Road, St. Louis, MO 63141

$1,621,000

Cap Rate 5.65%

Views: 121 DOM: 234 Updated: 10.30.24 Posted: 05.01.24 Status: Active

Summary

Price $1,621,000	Built/Renov 1987/2011	Tenant Valvoline (GL)
Cap Rate 5.65%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,752	Lease Start 03-30-2024	#Units 1,850
Price/SF $589.03	Expiration 03-31-2039	Tenant Type Automotive
NOI $91,598	R. Term 14.3	Ownership Ground Lease
Rent/SF $33.28	Increases 15.0%/5/yrs	Pop 5Mi 169,805
Lot/AC 0.59	Options 3/5yrs/15%	AHHI 5Mi $127,371

Lease Highlights

Valvoline recently executed a brand new 15-year ground lease with 3 (5-year) options to extend
The lease features 15% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Valvoline is strategically located on Olive Boulevard, with access to 32,800 vehicles passing by daily. The property is conveniently situated 1 mile west of Interstate 270, which sees 229,000 VPD. This location ranks within the top 9% performing stores in the chain according to Placer.ai. Additionally, the area features well-known national tenants including State Farm, Trader Joe’s, Verizon,...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Freeway close
Top 100 MSA
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

Valvoline Wikipedia Valvoline Wikipedia St. Louis, Missouri Zip Code 63141 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
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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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Olive Blvd	Craig Rd	2012	30,633	0.17 mi
Olive Blvd	Renee Ln	2013	30,633	0.20 mi
Craig Rd	Olive Blvd	2013	9,038	0.25 mi
	Office Pkwy	2022	3,720	0.33 mi
Craig Road	Debonnaire Dr	2022	3,692	0.34 mi
Olive Boulevard	Dautel Ln	2022	11,404	0.39 mi
Olive Boulevard	Schulte Rd	2022	11,094	0.39 mi
Schulte Road	Olive Blvd	2017	4,260	0.39 mi
Craig Road	New Ballas Pl	2015	8,710	0.40 mi
Olive Blvd	Schulte Rd	2019	15,276	0.40 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
17402 Views
65 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
17839 Views
63 Sold

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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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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