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Views: 14 DOM: 13 Updated: 11.08.24 Posted: 11.08.24 Status: Active

Summary

Price $532,400
Built/Renov 1983
Tenant Valvoline
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,400
Lease Start 04-01-2020
#Units 1,850
Price/SF $221.83
Expiration 09-30-2028
Tenant Type Automotive
NOI $31,944
R. Term 3.10
Ownership Fee Simple
Rent/SF $13.31
Increases 10.0%/3/yrs
Pop 5Mi 95,684
Lot/AC 0.87
Options 5/5yrs/10%
AHHI 5Mi $67,624

Lease Highlights

  • 3+ years remaining with 5 (5-year) renewal options
  • 10% rental increases at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Texas is an income tax free state
  • Corporate guaranteed lease (NYSE: VVV)

Location Description

The subject property is strategically located along US Highway 80 E, with an average of 14,423 vehicles passing by daily. It is surrounded by a range of national retailers, including Whataburger, McDonald’s, Sonic, Goodyear, KFC, Little Caesars, Walgreens, and more. The 5-mile trade area is supported by a population of 95,684 residents, earning an average annual household income of $67,624....

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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...


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Listing Broker

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