Valvoline: Adjacent to Home Depot | 6.29% Avg Term Cap Rate
Absolute NNN with 10% Increases | Average Term Cap Rate 6.29%
Marketing description
This offering provides investors the opportunity to acquire a newly developed corporate Valvoline ground lease located along the primary retail corridor in Warner Robins, Georgia. The property is secured by a new 15-year absolute NNN ground lease corporately guaranteed by Valvoline LLC, providing passive ownership with no landlord management responsibilities. The lease features 10% rental increases every five years during the primary term and throughout each of the four 5-year renewal options, creating built-in income growth and long-term inflation protection.
Valvoline is one of the most recognized automotive service brands in the country, operating more than 1,900 locations across the United States and Canada. The tenant’s national scale, continued store growth, and strong brand recognition provide investors with durable income backed by an established operator in the automotive service sector.
The property is strategically positioned along Watson Boulevard, one of Warner Robins’ main commercial corridors, with traffic counts exceeding 35,000 vehicles per day. The site benefits from excellent visibility, strong frontage, and proximity to major national retailers including Home Depot, Lowe’s, Target, Walmart, and numerous quick-service restaurants.
Additionally, the property is located near Robins Air Force Base, Georgia’s largest single-site industrial complex by employment, which serves as a major economic anchor for the region. With strong surrounding population density, solid household incomes, and a proven retail location, this Valvoline offers investors a compelling combination of corporate credit, passive lease structure, scheduled rent growth, and long-term market stability.
Investment highlights
• 15-year corporate absolute NNN ground lease backed by Valvoline LLC, one of the largest quick-lube service providers in the United States.
• Minimal landlord responsibilities, with the tenant responsible for taxes, insurance, maintenance, roof, structure, and parking lot.
• Attractive scheduled rent growth with 10% rental increases every five years during the primary term and throughout each of the four 5-year renewal options.
• Strong national tenant with meaningful brand recognition, more than 1,900 locations across the U.S. and Canada, and approximately 15 net new locations added in Q1 2025.
• Strategically positioned along Watson Boulevard, a major Warner Robins retail corridor with over 35,000 vehicles per day.
• Located near Robins Air Force Base, Georgia’s largest single-site industrial complex by employment and a major economic driver for the Middle Georgia region.
• Dense surrounding customer base with more than 117,000 residents within a 10-mile radius and more than 61,000 residents within the surrounding trade area.
• Strong area demographics, including average household incomes exceeding $79,000 within a 3-mile radius.
• Established retail trade area surrounded by national and regional retailers including Target, Walmart, Lowe’s, Home Depot, and multiple QSR operators.
• High-visibility location with prominent frontage, strong traffic counts, and direct access to a proven commercial corridor.
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