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Views: 114 Updated: 04.02.24 Posted: 04.07.23 Status: Inactive 03.27.24

Summary

Price $1,500,000
Built/Renov 2023
Tenant Valvoline (GL)
Cap Rate 5.33%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,200
Lease Start 07-01-2023
#Units 1,715
Price/SF $681.82
Expiration 06-30-2038
Tenant Type Automotive
NOI $80,000
R. Term 13.7
Ownership Ground Lease
Rent/SF $36.36
Increases 10.0%/5/yrs
Pop 5Mi 108,837
Lot/AC 0.88
Options 4/5yrs/10%
AHHI 5Mi $33,995

Lease Highlights

  • New 2023 construction
  • Brand-new 15-year ground lease with 6 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and options and at the beginning of each option
  • Corporate guarantee by Valvoline Inc. (NYSE: VVV)

Location Description

Valvoline is strategically located along Winchester Road NE with clear visibility and access to an average of 21,500 vehicles passing by daily with direct access to major commuter routes and interstates. Valvoline is ideally situated as an outparcel to a Walmart anchored center and is directly across from Winchester Plaza, a 75,700 SF center anchored by Publix. The additional surrounding...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Valvoline
  • Guarantor:Corp T and Rated
  • Company:Valvoline Inc.
  • # Units:1,715
  • 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
2028 Total Population : 2,871 20,300 36,806
2023 Total Population : 2,798 19,474 34,879
2023 Employed Civilian Pop : 1,472 10,715 18,761
2023 Total Businesses : 98 316 632
2023 Average Household Income : $ 127,331 $ 124,252 $ 123,524
2023 Total Consumer Spending : $ 116 M $ 783 M $ 1377 M
2023 Median Age : 43 40 40
2023 Total Households : 1,077 7,391 13,040
2023 Pop Age 25+: Bachelor's Degree : 591 3,503 6,024
2023 Average Home Value : $ 299,173 $ 316,695 $ 313,468
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bradford Lane Winchester Rd NE 2014 1,940 0.47 mi
Homer Nance Rd River Bridge Way 2017 6,430 0.49 mi
Michael Drive Winchester Rd NE 2014 19,420 0.61 mi
Winchester Road Northeast Homer Nance Rd 2021 18,876 0.65 mi
Winchester Rd NE Wind Rush Rd 2017 20,450 1.01 mi
Winchester Road Northeast Shaun Cir 2021 21,544 1.03 mi
Winchester Road Northeast Bradford Ln 2020 21,544 1.03 mi
Homer Nance Road Clearvue Rd 2020 7,408 1.04 mi
Homer Nance Road Kimberly Lou Blvd 2021 7,408 1.04 mi
Naugher Road Tres Dr 2020 1,964 1.33 mi

Listing Broker

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