Corporate Valvoline - Absolute NNN - Bonus Depreciation
25 Year Operating History at the Subject Property
Marketing description
Marcus & Millichap is pleased to present for sale the fee-simple interest (ground and building) in a Valvoline Corporate absolute NNN leased property located in Kansas City, MO. The subject is an approximate 4,188-square foot, single-tenant building built in 2001 on approximately .92 acres of land. The existing lease has 9.75 +/- years remaining and contains three, five-year renewal options with 10% rent escalations every five years.
Investment highlights
Valvoline, Inc. Corporate (NYSE:VV) Absolute NNN Lease
25 Year Operating History at the Subject Property
Valvoline Instant Oil Change is a Division of Valvoline Inc., One of the Leading Worldwide Marketer
and Suppliers of Automotive Lubricants and Supplies
Valvoline is the Second Largest Quick-Lube Chain in the United States (2,000+ Locations) Boasting
Revenues of $3.1B in 2020
The Subject Property is One Block from the I-435 on/off Ramps; I-435 is a Major Interstate Highway that Connects the Entire Kansas City Metro Area (144,815 VPD)
Dense, Affluent Demographics with 195,594 People and Average Household Incomes in Excess of
$116,000 within a 5-Mile Radius of the Subject Property
*Speak to your CPA regarding Bonus Depreciation.
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