Valvoline Ground Lease | Boise, ID
New 15-Year Abs NNN Ground Lease | Fast Growing MSA
Marketing description
Cushman & Wakefield is pleased to present for sale a new 15-year absolute NNN ground lease to Valvoline, an iconic brand with global recognition (NYSE: "VVV"). This Valvoline is located at a high-visibility and easily accessible location near the signalized four-way intersection of Five Mile Road & Lake Hazel Road in Boise, Idaho.
The property features 10% rental increases every five years delivering steady growth through the initial term and four (4) five-year options. The tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment. With an average consumer rating of 4.6 out of 5 stars, Valvoline Inc. has built the model for transparency and convenience to take the worry out of vehicle care.
Valvoline ranks #2 in quick-lube chains in the U.S. by number of stores with over 2,000 locations. Valvoline's expansion strategy aims to increase the number of stores to 3,500 service centers across North America. The site features high quality 2025 construction tailored to Valvoline's efficient double-lane drive-thru design, ensuring high-volume operations.
Investment highlights
- New 15-year absolute NNN ground lease to Valvoline, an iconic brand with global recognition (NYSE: "VVV").
- 10% rental increases every five years deliver steady growth through the initial term and four (4) five-year options.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- With an average consumer rating of 4.6 out of 5 stars, Valvoline Inc. has built the model for transparency and convenience to take the worry out of vehicle care.
- Valvoline ranks #2 in quick-lube chains in the U.S. by number of stores with over 2,000 locations.
- Valvoline's expansion strategy aims to increase the number of stores to 3,500 service centers across North America.
- High-visibility and easily accessible location near the signalized four-way intersection of Five Mile Road & Lake Hazel Road.
- This Valvoline is located across from Charlesworth, a subdivison with 182 building lots providing a built-in customer base for this site.
- Site features a beneficial proximity to Interstate 84, allowing the site to capture significant commuter traffic (93,500 AADT).
- Property serves as a high-traffic co-anchor tenant in a multi-tenant retail center, allowing the site to maximize on potential crossover retail opportunities.
- Surrounded by a strong mix of local and national retailers, including Albertsons, Walgreens, Les Schwab, McDonald's, Shell, The Human Bean, and many more.
- 127,639 residents live within five miles of the property, marking a massive 43% increase since 2010.
- Robust average annual household income of $142,185 within a three-mile radius of the property.
- Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Valvoline and Boise for steady concurrent growth.
- Seven miles from Boise Airport, which welcomed a record-setting 5.2M+ passengers in 2025.
- High quality 2025 construction tailored to Valvoline's efficient double-lane drive-thru design, ensuring high-volume operations.
- Streamlined layout featuring two service bays minimizes upkeep while maximizing service speed, aligning with consumer demand for convenience.
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