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Views: 0 DOM: 31 Updated: 12.11.23 Posted: 11.10.23 Status: Active

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,...

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Maps

  • 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

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