Listed by SURMOUNT
$1,046,153
Valvoline
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,925
Cap Rate 6.5%
NOI $68,000
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 12/30/2034
Remaining Term 8.5
Price per SqFt $543
Year Built 2024
Acreage 0.210
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/23/2024
Ownership Fee Simple
Retail | 6.50% CAP | 1,925 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Valvoline located at 1203 Pittsburgh Street, Cheswick, PA 15024. The site consists of roughly 1,925 rentable square feet of building space on an estimated .21-acre parcel of land. Valvoline is subject to a 10-year Corporate lease, which expires December 2034. The current annual rent is $68,000 and has scheduled increases of 7.50% Every 5 Years.
Investment highlights
- New 10-Year Corporate Lease | Valvoline is operating on a new 10-year absolute triple-net lease, providing investors with fresh lease term and long-term income stability.
- Scheduled Rent Increases | The lease features 7.50% rent increases every five years, providing built-in income growth and protection against inflation.
- Corporate Brand Recognition | Valvoline is a nationally recognized automotive service brand with hundreds of locations across the United States and a long-standing presence in the quick-lube industry.
- Historical Occupancy | This location has been utilized for Oil Change for 25+ years and was strategically targeted by Valvoline Inc.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,000.00
$5,666.67/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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