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| Price $2,422,430 $2,468,571 | Built/Renov 2022 | Tenant Valvoline |
| Cap Rate 5.35% 5.25% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,087
| Lease Start
08-05-2022
| #Units
47
|
| Price/SF $1,160.72 $1,182.83 | Expiration
08-04-2037
| Tenant Type Automotive |
| NOI $129,600 | R. Term 12.3 | Ownership Fee Simple |
| Rent/SF
$62.10
| Increases 7.5%/5/yrs | Pop 5Mi 126,568 |
| Lot/AC 0.61 | Options 3/5yrs/7.5% | AHHI 5Mi $91,135 |
| | |
Valvoline Instant Oil Change is positioned in a dense retail corridor along East State Street with clear visibility and access to 28,668 vehicles passing by daily. The property is situated in the Shops on State Street alongside a new construction Mission BBQ and Five Guys. Other tenants located in the immediate trade area include Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, The...
...New construction
Dense retail corridor
Dense 100M+ pop 5 mi
Top 100 MSA
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Traded and rated company
25+ unit franchisee backed
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 | |
| 2027 Total Population : | 5,599 | 44,824 | 122,820 |
| 2022 Total Population : | 5,789 | 46,079 | 126,568 |
| 2022 Employed Civilian Pop : | 2,575 | 22,848 | 63,045 |
| 2022 Total Businesses : | 636 | 2,350 | 4,611 |
| 2022 Average Household Income : | $ 102,200 | $ 99,382 | $ 91,135 |
| 2022 Total Consumer Spending : | $ 237 M | $ 1654 M | $ 4163 M |
| 2022 Median Age : | 47 | 46 | 42 |
| 2022 Total Households : | 2,682 | 19,425 | 53,088 |
| 2022 Pop Age 25+: Bachelor's Degree : | 909 | 7,406 | 17,553 |
| 2022 Average Home Value : | $ 208,752 | $ 189,181 | $ 184,666 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| E State St | S Mill Rd | 2005 | 32,800 | 0.05 mi |
| E State St | Deane Dr | 2005 | 32,800 | 0.10 mi |
| S Mill Rd | E State St | 2004 | 2,100 | 0.10 mi |
| Argus Dr | N Mill Rd | 2004 | 3,400 | 0.15 mi |
| S Mill Rd | Stalter Dr | 2004 | 2,100 | 0.16 mi |
| Argus Dr | Deane Dr | 2004 | 5,100 | 0.17 mi |
| E State St | S Trainer Rd | 2005 | 32,800 | 0.18 mi |
| Mill Rd | Highgrove Pl | 2004 | 2,100 | 0.20 mi |
| S Perryville Rd | E State St | 2004 | 26,200 | 0.21 mi |
| Mid America Dr | Lexus Dr | 2004 | 4,200 | 0.22 mi |
High Point, NC
Cap Rate 5.85%
Lease NN+
R. Term 18.60 yrs
Size/SF 5,866
El Paso, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 13.70 yrs
Size/SF 4,162
Broken Bow, OK
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 3,025
El Paso, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 4,162
Severna Park, MD
Cap Rate 4.38%
Lease Abs NNN
R. Term 2.11 yrs
Size/SF 7,200
Covington, LA
Cap Rate 6.15%
Lease Abs NNN
R. Term 11.20 yrs
Size/SF 4,732
Casa Grande, AZ
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 1,438
Cleburne, TX
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 2,824
Cypress, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.40 yrs
Size/SF 6,840
Tucson, AZ
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 1,438
Odessa, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 9.60 yrs
Size/SF 11,223
Tucson, AZ
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 1,490
Wilmington, NC
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,174
Albuquerque, NM
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 1,438
Albuquerque, NM
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 1,438
Las Cruces, NM
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 1,430
El Paso, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 1,438
Waterford Township, MI
Cap Rate 5.45%
Lease Double NN
R. Term 14.20 yrs
Size/SF 7,225
Saint Johns, FL
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 3,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
