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Views: 56 DOM: 88 Updated: 11.01.24 Posted: 09.25.24 Status: Active

Summary

Price $925,361
Built/Renov 1993
Tenant Valvoline
Cap Rate 6.30%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 1,215
Lease Start 11-13-2024
#Units 1,850
Price/SF $761.61
Expiration 11-12-2034
Tenant Type Automotive
NOI $58,298
R. Term 9.10
Ownership Fee Simple
Rent/SF $47.98
Increases 0.0%/0/yrs
Pop 5Mi 51,384
Lot/AC 0.30
Options 3/5yrs
AHHI 5Mi $105,789

Lease Highlights

  • Brand new 10-year lease with 3 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: VVV)

Location Description

Valvoline is strategically located at the signalized, hard corner intersection of S Saginaw Road and Washington Street, with access to a robust combined daily traffic count of 47,182 vehicles. The property benefits from proximity to major highways, including U.S. 10, making it a prime location for business operations. The immediate area features prominent national tenants including wendys,...

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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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