✖
Valvoline
1175 South Main Street, Keller, TX 76248
$1,985,000
Cap Rate 5.50%
Summary
| Price $1,985,000 | Built/Renov 2004/2021 | Tenant Valvoline |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
1
| Lease Start
05-01-2021
| #Units
1,715
|
| Price/SF $2,281,609.20 | Expiration
04-30-2036
| Tenant Type Automotive |
| NOI $109,200 | R. Term 12.4 | Ownership Fee Simple |
| Rent/SF
$125,517.24
| Increases 10.0%/3/yrs | Pop 5Mi 283,155 |
| Lot/AC 1.00 | Options 3/5yrs/10% | AHHI 5Mi $135,236 |
| | |
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
The subject property is strategically located on Main Street/Denton Highway (33,870 VPD), the main north/south thoroughfare in the city and connects Keller to Fort Worth. Furthermore, it is just moments from the signalized intersection at Kroger Drive, which sees an additional 18,000 vehicles passing by daily. The site benefits from being surrounded by many national retailers, including The...
...Features
-
Recent renovation
-
Build to suit
-
Dense retail corridor
-
Highway location
-
Top 100 MSA
-
Absolute NNN
-
Long 10+ yr lease
-
Accelerated depreciation
-
Corporate Guarantee
...
Maps
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 : | 7,908 | 121,531 | 289,441 |
| 2023 Total Population : | 8,086 | 121,732 | 285,701 |
| 2023 Employed Civilian Pop : | 4,812 | 63,804 | 151,297 |
| 2023 Total Businesses : | 468 | 3,116 | 7,223 |
| 2023 Average Household Income : | $ 164,869 | $ 147,217 | $ 137,461 |
| 2023 Total Consumer Spending : | $ 348 M | $ 5046 M | $ 11497 M |
| 2023 Median Age : | 36 | 35 | 36 |
| 2023 Total Households : | 2,519 | 40,479 | 98,028 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,093 | 27,963 | 62,408 |
| 2023 Average Home Value : | $ 379,607 | $ 358,163 | $ 368,406 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S Main St | Wall Price Keller Rd | 2012 | 40,515 | 0.10 mi |
| Wall Price Keller Rd | Chisolm Trl | 2009 | 6,240 | 0.11 mi |
| Wall Price Keller Rd | Whitley Rd | 2009 | 4,600 | 0.16 mi |
| Whitley Rd | Foxford Dr | 2012 | 8,773 | 0.23 mi |
| Kroger Dr | PkVista Cir | 2012 | 18,382 | 0.32 mi |
| S Main St | Wall Price Keller Rd | 2004 | 30,000 | 0.32 mi |
| Whitley Rd | Rapp Rd | 2012 | 6,025 | 0.32 mi |
| Rapp Rd | Dublin Dr | 2012 | 7,155 | 0.35 mi |
| S Main St | Kroger Dr | 2012 | 40,144 | 0.40 mi |
| Rapp Rd | Chase Oaks Dr | 2009 | 6,230 | 0.66 mi |
