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Views: 44 DOM: 45 Updated: 07.25.24 Posted: 07.25.24 Status: Active

Summary

Price $1,368,421
Built/Renov 2024
Tenant Valvoline (GL)
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,089
Lease Start 08-28-2023
#Units 1,850
Price/SF $655.06
Expiration 08-27-2038
Tenant Type Automotive
NOI $65,000
R. Term 13.11
Ownership Ground Lease
Rent/SF $31.12
Increases 10.0%/5/yrs
Pop 5Mi 81,295
Lot/AC 0.84
Options 4/5yrs/10%
AHHI 5Mi $76,488

Lease Highlights

  • Brand-new 2024 construction
  • 15-year ground lease term 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
  • Corporate guaranteed lease

Location Description

Valvoline is strategically located on Pepperell Parkway, with access to 23,000 vehicles passing by daily. The property is immediately surrounded by well-known national tenants, including Best Buy, Walmart, Pizza Hut, Tropical Smoothie Cafe, Taco Bell, and more. The 5-mile trade area supports a population of 81,295 residents with an average household income of $76,488. Opelika is a city in and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Valvoline
  • 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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Listing Broker

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