Valvoline

1175 South Main Street, Keller, TX 76248

$1,985,000

Cap Rate 5.50%

Views: 148 DOM: 90 Updated: 07.22.24 Posted: 11.02.23 Status: Sold 01.31.24

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 2,473	Lease Start 05-01-2021	#Units 1,715
Price/SF $802.67	Expiration 04-30-2036	Tenant Type Automotive
NOI $109,200	R. Term 11.7	Ownership Fee Simple
Rent/SF $44.16	Increases 10.0%/3/yrs	Pop 5Mi 283,155
Lot/AC 0.87	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...

...

Key Features

Recent renovation
Build to suit
Dense retail corridor
Highway location
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Corporate Guarantee

...

Links

Valvoline Wikipedia Valvoline Wikipedia Keller, Texas Zip Code 76248 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 :	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

*ESRI data is presented for informational purposes only

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

Listing Broker

Bill Asher

Hanley Investment Group

Contact

150 Listings
13509 Views
60 Sold

Jeff Lefko

Hanley Investment Group

Contact

150 Listings
13204 Views
62 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