loader
Join Free
Views: 48 DOM: 37 Updated: 10.25.24 Posted: 10.15.24 Status: Active

Summary

Price $1,905,000
Built/Renov 2024
Tenant Valvoline (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 1,664
Lease Start 10-01-2024
#Units 1,850
Price/SF $1,144.83
Expiration 10-31-2039
Tenant Type Automotive
NOI $100,000
R. Term 14.11
Ownership Ground Lease
Rent/SF $60.10
Increases 10.0%/5/yrs
Pop 5Mi 89,445
Lot/AC 0.88
Options 4/5yrs/10%
AHHI 5Mi $92,638

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 4 (5-year) options to extend
  • 10% rental increases every 5 years throughout the base term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: VVV)

Location Description

Valvoline is strategically located at the signalized, hard corner intersection of Twin City Highway and Highway 73, with access to a significant combined daily traffic count of 77,221 vehicles. The property spans 0.88 acres within a coordinated 5+ acre retail redevelopment that includes notable tenants such as Wells Fargo, Starbucks, and Blue Wave Express. Additionally, it benefits from being...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity