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Valvoline
6723 Bridge Street, Fort Worth, TX 76112
$1,912,000
Cap Rate 6.00%
Summary
| Price $1,912,000 | Built/Renov 1993 | Tenant Valvoline |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,600
| Lease Start
05-01-2021
| #Units
1,715
|
| Price/SF $735.38 | Expiration
04-30-2036
| Tenant Type Automotive |
| NOI $114,733 | R. Term 12.4 | Ownership Fee Simple |
| Rent/SF
$44.13
| Increases 10.0%/2/yrs | Pop 5Mi 225,418 |
| Lot/AC 0.45 | Options 3/5yrs/10% | AHHI 5Mi $74,644 |
| | |
Lease Highlights
- Valvoline has 12+ years remaining on the current lease term with 3 (5-year) options to extend
- Lease features 10% rental escalations every 5 years throughout the initial term and during each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Valvoline is strategically located on Bridge St., adjacent to the intersection of Interstate 820 (102,000 VPD) and Interstate 30 (113,000 VPD). The property is shadow anchored by Albertsons and across from The Home Depot, both of which draw traffic to the local retail trade area. Other surrounding tenants include Discount Tire, KFC, Dickey’s Barbecue Pit, Wendy’s, Dairy Queen, Family Dollar,...
...Features
-
Build to suit
-
Dense retail corridor
-
Near major nationals
-
Freeway close
-
Top 100 MSA
-
Income tax free state
-
Absolute NNN
-
Long 10+ yr lease
-
Traded and rated company
-
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 : | 12,815 | 75,464 | 226,126 |
| 2023 Total Population : | 12,949 | 76,023 | 228,397 |
| 2023 Employed Civilian Pop : | 5,929 | 36,789 | 108,665 |
| 2023 Total Businesses : | 379 | 2,691 | 7,916 |
| 2023 Average Household Income : | $ 61,031 | $ 79,353 | $ 81,549 |
| 2023 Total Consumer Spending : | $ 291 M | $ 2009 M | $ 5962 M |
| 2023 Median Age : | 32 | 36 | 36 |
| 2023 Total Households : | 5,400 | 28,979 | 83,657 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,505 | 9,499 | 27,968 |
| 2023 Average Home Value : | $ 361,806 | $ 295,365 | $ 268,530 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Bridge St | Bridge Creek Cir | 2009 | 15,050 | 0.04 mi |
| Bridgewood Dr | Boca Raton Blvd | 2009 | 7,770 | 0.15 mi |
| Boca Raton Blvd | E Loop 820 | 2004 | 2,120 | 0.17 mi |
| Bridgewood Dr | Bridge St | 2009 | 10,260 | 0.23 mi |
| John T White Rd | E Loop 820 | 2009 | 15,390 | 0.23 mi |
| I- 820 | John T White Rd | 2004 | 8,071 | 0.24 mi |
| 2004 | 18,451 | 0.28 mi | ||
| I- 820 | John T White Rd | 2009 | 105,630 | 0.28 mi |
| Anderson Blvd | John T White Rd | 2009 | 1,020 | 0.29 mi |
| I- 820 | John T White Rd | 2004 | 4,371 | 0.34 mi |
