

Valvoline - 15 Yr Corp. Ground Lease - LOW PRICE POINT
Retail | 5.65% CAP | 2,400 SqFt
Marketing description
For sale to qualified investors is the fee simple interest in a brand new, long-term corporate lease with Valvoline in Hillsboro, Ohio. The corporately guaranteed lease (NYSE: VVV) features a firm 15 year term plus options, and provides the buyer with 10% increases every 5 years during the initial term and options. This will act as a hedge against inflation and provide future value and revenue growth for the investor. Structured as a ground lease, Valvoline is responsible for all maintenance, repairs, and replacements, rendering this asset as “hands-off” to the investor. With base rent years 1-5 only $60,000 per year and corresponding price of $1,062,000, this allows the investor to acquire the property with a low basis compared to other Valvolines on the market. The new prototypical facility is located directly in front of a regional shopping center featuring Rural King and Dunham’s Sports, both the dominant tenants in their respective categories drawing clientele from a 15+ mile radius. Adjacent to the property is the Highland District Hospital acute care facility, which serves the entire county and beyond.
Investment highlights
· Corporate Lease Guaranteed by Valvoline, Inc. (NYSE: VVV)
· Brand New Prototypical Building with 15 Year Term Plus Options
· Ground Lease Structure Renders the Investment Hands-Off to Landlord
· 10% Rental Increases Every 5 Years During Initial Term and Options
· Outlot to Regional Shopping Center Featuring Rural King Dunham’s
· Located in Thriving Retail Corridor Serving Customers in up to a 20 Mile Radius
· Regional Market Adjacent to Highland District Hospital
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