Valvoline

6723 Bridge Street, Fort Worth, TX 76112

$1,912,000

Cap Rate 6.00%

DOM: 82 Updated: 07.22.24 Posted: 11.10.23 Status: Sold 01.31.24

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 10.11	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,...

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Key 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

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Links

Valvoline Wikipedia Valvoline Wikipedia Fort Worth, Texas Zip Code 76112 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 :	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

*ESRI data is presented for informational purposes only

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

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
27516 Views
75 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
26789 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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