Valvoline - 15 Yr Ground Lease
Retail | 5.50% CAP | 2,100 SqFt
Marketing description
Marcus & Millichap is pleased to present for sale Valvoline Ground Lease in Gibsonia, Pennsylvania. Valvoline Inc. (NYSE: VVV) is an industry leader in automotive service innovations.
Gibsonia is a community in Richland Township, Allegheny County, in the state of Pennsylvania. Situated just north of Pittsburgh, Gibsonia is home to an estimated 2,785 residents. The surrounding Richland Township spans 14.6 square miles and is home to nearly 12,000 residents.
Investment highlights
» 13+ Years Remaining on Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty by Valvoline (NYSE: VVV)
» 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
» New High-Quality 2024 Construction
» Valvoline Operates ±2,180 Service Center Locations Across North America
» Dense Trade Area in the Pittsburgh MSA with 67,303 Residents in a 5-Mile Radius
» Excellent Visibility and Access Along William Flinn Highway (33,000 Cars per Day), Less Than 1 Mile Off the I-76 Freeway
» Average Household Income Exceeds $155,000 in the Surrounding Area
» Close Proximity to National Retailers - Walmart, Kohl's, Dollar Tree, McDonald's, etc.
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