Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Los Angeles
$759,000
Valvoline - Cincinnati, OH
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 1,200
Cap Rate 5.65%
NOI $42,876
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Expiration 05/31/2032
Remaining Term 6
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Pro-Forma Cap Rate 6.00%
Year Built 1991
Acreage 0.440
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/25/1991
ABS NNN Corp. Valvoline | Low Price Point | 100% Bonus Depreciation | Cincinnati, OH
Marketing description
We are pleased to exclusively offer for sale the 1,200 SF Valvoline located at 6650 Hamilton Avenue in Cincinnati, Ohio. The property features a nationally recognized, service-oriented tenant with a long operating history and an Absolute Triple Net (NNN) Lease structure, providing truly passive, zero landlord-responsibility ownership. Additionally, the investment qualifies for 100% bonus depreciation, allowing investors to accelerate tax benefits.
Investment highlights
- Bonus Depreciation: This deal is eligible for 100% bonus depreciation, allowing investors to accelerate tax benefits.
- Corporate Credit: The lease has a corporate guarantee by Valvoline LLC, the second-largest oil change service provider in the United States, with a $4.1 billion market capitalization and over 2,000 locations.
- Low Rent: This Valvoline has a lower rent than other Valvolines, making it an accessible, lower price point offering.
- Absolute Triple Net (NNN) Lease: No landlord responsibilities.
- Rental Increase: In 2027, there will be an increase in base rental income, raising the cap rate to 6.00%.
- Lease Term: There are 6+ years remaining on the lease with three five-year options to extend.
- Operational History: Valvoline has 34 years of operational history at the site.
- Location: Positioned on Hamilton Avenue (38,000 VPD), less than a mile from Ronald Reagan Highway, a major East and West throughfare that sees 58,000 VPD.
- Nearby Retailers: Walgreens, Dunkin', Autozone, Kroger, and McDonald's.
- Optimal Visibility: New Pylon Signage on Hamilton Avenue that was installed in 2025.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,876.00
$3,573.00/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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