Valvoline - Baytown, TX Single Tenant Absolute NNN
Valvoline - Baytown, TX Single Tenant Absolute NNN Ground Lease
Marketing description
LONG TERM, ABSOLUTE NNN LEASE
15-year base lease term with no landlord responsibilities.
10% RENTAL ESCALATIONS
10% rent increases every 5 years during the initial 15-year base lease term and the 3, 5-year options.
CORPORATE GROUND LEASE
Lease signed by Valvoline, LLC and guaranteed by Valvoline, Inc. A public company (NYSE: “VVV”) at a current market capitalization at 4.99 billion.
BRAND NEW CONSTRUCTION
Valvoline Instant Oil Change is recently constructed and rent commenced June 2024.
INCREDIBLE ACCESS WITH GREAT EXPOSURE
The Property has frontage along Hwy 146, one of the main thoroughfares within the trade area, with exposure to over 36,000 cars per day. The Property also has incredible access to Interstate 10.
SURROUNDED BY NATIONAL RETAILERS
Valvoline Instant Oil Change is adjacent to Chambers Commons, a new mixed-use development coming soon anchored by H-E-B. Additionally, the Property is amongst several major retailers in the surrounding area including: Walmart, Ross, Pet Supplies Plus, Dutch Bros Coffee, O’Reilly Auto Parts, and Auto Zone amongst others.
LOCATION
The property is located at the signalized intersection of Hwy 146 & Old Needlepoint Rd. Valvoline is well positioned on Hwy 146 with exposure to more than 36,000 cars per day. The Property’s ideal location allows for easy access to Interstate 10, one of Houston’s major highways. The growing trade area is supported by an average household income exceeding $184,000 within 1 mile as well as a population of more than 55,600 residents and a daytime population of 205,000+ within 5 miles.
Investment highlights
INVESTMENT OPPORTUNITY
The Blue Ox Group is pleased to offer the opportunity to acquire the fee simple interest (land ownership) in an absolute NNN leased, Valvoline Instant Oil Change (“Valvoline”) investment property located in Baytown, TX. The Tenant, Valvoline recently signed a brand new, long-term, 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and each option period. This attractive rent structure and steadily growing NOI hedges against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment for the passive investor.
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