Valvoline (GL)

623 University Boulevard, Round Rock, TX 78665

$2,095,238

Cap Rate 5.25%

Views: 67 DOM: 99 Updated: 11.11.24 Posted: 08.14.24 Status: Active

Summary

Price $2,095,238	Built/Renov 2024	Tenant Valvoline (GL)
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,200	Lease Start 09-01-2024	#Units 1,850
Price/SF $952.38	Expiration 08-31-2039	Tenant Type Automotive
NOI $110,000	R. Term 14.9	Ownership Ground Lease
Rent/SF $50.00	Increases 10.0%/5/yrs	Pop 5Mi 176,131
Lot/AC 0.67	Options 3/5yrs/10%	AHHI 5Mi $132,764

Lease Highlights

Brand new 2024 construction
New 15-year ground lease with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee lease

Location Description

Valvoline is strategically located on University Drive, a major retail thoroughfare with access to 33,503 vehicles passing by daily. The property is surrounded by well-known national tenants, including IKEA, HEB, Chick-fil-A, In-N-Out Burger, Raising Cane's, McDonald's, and more. Additionally, it is situated across the street from the Baylor Scott & White Medical Center. The 5-mile trade area...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Valvoline Wikipedia Valvoline Wikipedia Round Rock, Texas Zip Code 78665 Broker Site Page

Maps

Local Information

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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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	17,806	76,665	203,749
2024 Total Population :	15,789	65,059	180,313
2024 Employed Civilian Pop :	8,941	35,761	96,796
2024 Total Businesses :	526	1,811	5,231
2024 Average Household Income :	$ 136,226	$ 126,671	$ 138,831
2024 Total Consumer Spending :	$ 730 M	$ 2652 M	$ 7750 M
2024 Median Age :	33	35	36
2024 Total Households :	6,052	23,789	64,035
2024 Pop Age 25+: Bachelor's Degree :	3,333	11,776	35,282
2024 Average Home Value :	$ 500,236	$ 519,688	$ 516,793

*ESRI data is presented for informational purposes only

Listing Broker

Mike Van Shellenbeck

Sands Investment Group

Contact

2 Listings
97 Views
0 Sold

Daniel Marquez

Sands Investment Group

Contact

2 Listings
97 Views
0 Sold

Mike Van Shellenbeck

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Daniel Marquez

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John Mansour

Sands Investment Group

Contact

3 Listings
159 Views
0 Sold

John Mansour

John Mansour is the team lead for The Buyside Team at Sands Investment Group in the Austin Office. He is an expert in NNN investment sales brokerage, and brings a wealth of experience and a deep understanding of nearly all asset types to his role. John's approach is defined by his commitment to excellence and his strategic vision, which has consistently delivered outstanding results for his clients. He prides himself on his ability to navigate complex transactions and provide insightful advice

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