Listed by SURMOUNT
$1,560,000
Valvoline
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 2,106
Cap Rate 5.25%
NOI $81,900
Tenancy Single
Lease Type NNN
Lease Expiration 04/30/2041
Year Built 1997
Acreage 0.650
Lease Commencement 01/25/2025
Ground Lease No
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Valvoline located at 710 West College Street, Pulaski, TN 38478. The site consists of roughly 2,106 rentable square feet of building space on an estimated 0.65-acre parcel of land. Valvoline is subject to a 15-year Triple Net (NNN) lease, which commenced 1/25/2026. The current annual rent is $81,900 and has scheduled increases of 10% in May 2036 and in Options.
Investment highlights
- Commitment to the Location | Valvoline has demonstrated a strong commitment to this location by executing a 15 - year lease extension, signaling long - term confidence in the site’s operational viability and market performance. This extended tenure underscores the brand’s dedication to serving the local community and provides investors with exceptional lease security and income stability over the long term.
- Exceptional Retail Corridor | The subject property benefits from its premier location along W College St, which is packed with an array of national brands, including CVS, Walgreens, McDonald’s, Burger King, Truist Bank, and Little Caesar’s, increasing foot traffic in the area significantly. Additionally, the property is located right behind the college campus of University of Tennessee Southern, which has an enrollment exceeding 1,100 students.
- Longstanding History of Auto Repair at the Site | This location has served as a trusted auto repair destination since 2008, operating continuously under Xpress Lube and 15 years of uninterrupted automotive service history at the site. This deep - rooted community presence highlights the location’s proven demand for quick - lube services and reinforces its reputation as a go - to destination for local drivers, providing a strong foundation for continued operational success under the Valvoline brand.
- Growing Vehicle Base & Longer Ownership | The average age of vehicles on the U.S. roads has reached an all - time high of over 12.5 years, as consumers hold their cars longer due to rising vehicle prices and financing costs. This trend, combined with increasing used - car ownership, is fueling sustained demand for routine maintenance services like oil changes, making Valvoline businesses well- positioned for long - term stability and growth.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,900.00
$6,825.00/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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