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Views: 146 DOM: 156 Updated: 11.08.24 Posted: 07.18.24 Status: Active

Summary

Price $1,359,000
Built/Renov 2023
Tenant Valvoline (GL)
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,100
Lease Start 04-25-2024
#Units 1,850
Price/SF $647.14
Expiration 04-30-2039
Tenant Type Automotive
NOI $70,000
R. Term 14.4
Ownership Ground Lease
Rent/SF $33.33
Increases 10.0%/5/yrs
Pop 5Mi 68,366
Lot/AC 1.57
Options 3/5yrs/10%
AHHI 5Mi $141,644

Lease Highlights

  • New High-Quality 2023 Construction
  • Brand-new 15-year ground lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: VVV)

Location Description

Valvoline is strategically located on William Flinn Highway, with access to 33,000 vehicles passing by daily. The property is conveniently situated less than a mile from Interstate 76 and surrounded by well-known national tenants, including Walmart, Kohl's, Dollar Tree, McDonald's, and more. Additionally, it is just 9 miles from Ross Park Mall, 14 miles from the University of Pittsburgh, and...

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Maps

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  • 3 Miles
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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,754 28,015 68,171
2024 Total Population : 5,863 28,268 68,518
2024 Employed Civilian Pop : 3,121 15,458 36,611
2024 Total Businesses : 323 997 2,017
2024 Average Household Income : $ 145,642 $ 164,798 $ 157,394
2024 Total Consumer Spending : $ 283 M $ 1553 M $ 3608 M
2024 Median Age : 43 45 44
2024 Total Households : 2,287 11,074 26,830
2024 Pop Age 25+: Bachelor's Degree : 1,275 6,965 15,616
2024 Average Home Value : $ 373,849 $ 442,079 $ 441,036
*ESRI data is presented for informational purposes only

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