Valvoline

8851 West Main Street, Frisco, TX 75034

$1,777,000

Cap Rate 5.65%

DOM: 84 Updated: 07.22.24 Posted: 11.03.23 Status: Sold 01.26.24

Summary

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 10.11	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

Lease Highlights

Valvoline has 12+ years remaining on the current lease term with 3 (5-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Valvoline Inc. (NYSE: VVV)

Location Description

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...

...

Key Features

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

...

Links

Valvoline Wikipedia Valvoline Wikipedia Frisco, Texas Zip Code 75034 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Valvoline
Guarantor:Corp T and Rated
Company:Valvoline Inc.
# Units:1,715
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...

...

Demographics

	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

*ESRI data is presented for informational purposes only

Traffic

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

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
27504 Views
75 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
26778 Views
78 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

...

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT