Price $1,777,000 | Built/Renov 1993/2021 | Tenant Valvoline |
Cap Rate 5.65% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
2,000
| Lease Start
05-01-2021
| #Units
1,715
|
Price/SF $888.50 | Expiration
04-30-2036
| Tenant Type Automotive |
NOI $100,416 | R. Term 12.4 | Ownership Fee Simple |
Rent/SF
$50.21
| Increases 10.0%/3/yrs | Pop 5Mi 262,304 |
Lot/AC 0.40 | Options 3/5yrs/10% | AHHI 5Mi $170,963 |
| |
Valvoline is strategically located along W. Main Street, with access to 21,450 vehicles passing by daily. The property’s prime location is just off Preston Road, one of the busiest thoroughfares in the Dallas-Fort Worth metroplex with 33,240 VPD. Nearby national tenants in the vicinity include Walmart Supercenter, Kroger, Burger King, Capital One Bank, Chick-fil-A, Wells Fargo and more. The...
...Hard corner intersection
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
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...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 10,282 | 112,310 | 313,367 |
2023 Total Population : | 10,212 | 100,820 | 292,389 |
2023 Employed Civilian Pop : | 5,324 | 52,259 | 152,891 |
2023 Total Businesses : | 500 | 4,286 | 10,354 |
2023 Average Household Income : | $ 114,249 | $ 151,961 | $ 169,766 |
2023 Total Consumer Spending : | $ 388 M | $ 4785 M | $ 14648 M |
2023 Median Age : | 36 | 35 | 35 |
2023 Total Households : | 3,966 | 37,147 | 102,158 |
2023 Pop Age 25+: Bachelor's Degree : | 2,276 | 25,404 | 76,208 |
2023 Average Home Value : | $ 405,027 | $ 534,589 | $ 531,248 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Main St | Alpha Ave | 2012 | 11,060 | 0.03 mi |
Alpha Ave | 2018 | 7,292 | 0.11 mi | |
State Spur 33 | Alpha Ave | 2013 | 6,967 | 0.11 mi |
Alpha Ave | 2019 | 7,740 | 0.12 mi | |
State Spur 33 | Alpha Ave | 2016 | 8,768 | 0.12 mi |
Preston Rd | Main St | 2013 | 34,589 | 0.12 mi |
Main St | Preston Rd | 2012 | 14,400 | 0.24 mi |
Preston Road | Preston TrceBlvd | 2020 | 38,793 | 0.26 mi |
Preston Rd | Preston TrceBlvd | 2016 | 43,012 | 0.27 mi |
Preston Road | Preston TrceBlvd | 2018 | 43,180 | 0.27 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]