Valvoline

1004 South Hampton Road, Dallas, TX 75208

$1,838,000

Cap Rate 5.75%

DOM: 24 Updated: 07.22.24 Posted: 12.05.23 Status: Sold 12.29.23

Summary

Price $1,838,000	Built/Renov 2002	Tenant Valvoline
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,460	Lease Start 05-01-2021	#Units 1,715
Price/SF $747.15	Expiration 04-30-2036	Tenant Type Automotive
NOI $105,658	R. Term 10.11	Ownership Fee Simple
Rent/SF $42.95	Increases 10.0%/3/yrs	Pop 5Mi 306,686
Lot/AC 0.31	Options 3/5yrs/10%	AHHI 5Mi $70,736

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 at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Valvoline is strategically situated along Hampton Road, offering clear visibility and convenient access to approximately 30,000 vehicles passing by daily. The surrounding area features various retailers, including Subway, Mobil, AutoZone, 7-Eleven, and Taco Bell. Additionally, notable establishments such as Greiner Junior High School (with 1,504 students), Methodist Dallas Medical Center (585...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Dense 200M+ pop 5 mi
Top 100 MSA
Income tax free state
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee

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Links

Valvoline Wikipedia Valvoline Wikipedia Dallas, Texas Zip Code 75208 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	21,520	151,715	301,124
2023 Total Population :	22,114	147,426	290,381
2023 Employed Civilian Pop :	10,945	68,401	135,000
2023 Total Businesses :	358	4,275	14,137
2023 Average Household Income :	$ 86,705	$ 80,263	$ 79,724
2023 Total Consumer Spending :	$ 534 M	$ 3504 M	$ 7301 M
2023 Median Age :	32	31	33
2023 Total Households :	7,003	49,358	103,949
2023 Pop Age 25+: Bachelor's Degree :	2,211	12,756	29,535
2023 Average Home Value :	$ 296,727	$ 293,797	$ 275,261

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Clarendon Dr	Hollywood Ave	2004	9,970	0.08 mi
Burlington Blvd	Hollywood Ave	2009	1,340	0.10 mi
S Hampton Rd	W Brooklyn Ave	2009	30,470	0.21 mi
W Clarendon Dr	Zeb St	2009	8,950	0.26 mi
Kingston St	S Franklin St	2004	450	0.26 mi
S Hampton Rd	Grafton Ave	2009	27,130	0.32 mi
W Clarendon Dr	S Brighton Ave	2009	7,010	0.37 mi
W Brooklyn Ave	S Brighton Ave	2009	550	0.46 mi
Superior St	Catherine St	2001	3,387	0.46 mi
Wilton Ave	S Montreal Ave	2004	280	0.48 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
27503 Views
75 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
26777 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

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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

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