Listed by Atlantic Capital Partners
$1,339,000
Valvoline | Wilson, NC
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Net Rentable (SqFt) 2,182
Cap Rate 5.5%
NOI $73,650
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change, Valvoline
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 07/31/2037
Remaining Term 11.2
Rent Bumps Yes
Lease Options 3 x 5-year options
Class A
Year Built 2009
Acreage 0.490
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/01/2025
Ground Lease No
5.5% CAP | Landlord Can Depreciate
Investment highlights
STABLE LONG-TERM ABSOLUTE NNN LEASE
- Absolute NNN lease — Zero Landlord Responsibilities
- 12-Year base term with three renewal options (1 x 3 Years and 2 x 5 Years) extending total potential term to 25 years
- 7.5% rental escalations every 5 years in both base term and option periods
- Lease commenced August 2025
SECOND LARGEST VALVOLINE FRANCHISEE — STRONG CREDIT GUARANTY
- Guaranteed by QAS Holdings, LLC — the second largest Valvoline franchisee in the United States with 200+ operating locations
- Demonstrates significant operational scale and financial strength
- Needs-based automotive service category provides recession-resilient cash flow
DENSE RETAIL CORRIDOR — OVER 1.6MSF OF RETAIL WITHIN 1 MILE
- Site is strategically positioned within a dense retail corridor featuring over 1.6 million square feet of retail space within one mile of the subject property
- Proven co-tenancy with national anchors driving consistent consumer traffic
- Raleigh Road Pkwy West is one of Wilson's primary commercial thoroughfares
STRONG TRAFFIC VOLUME
- 22,000 VPD of traffic along Forest Hills Road NW and 28,000 VPD on Raleigh Road Parkway ensure consistent customer visibility and accessibility
- High-frequency traffic pattern well-suited to Valvoline's quick-service oil change model
- Located 46 miles from Raleigh, NC — the region's primary MSA and employment hub with a major 1031 exchange buyer pool
NATIONAL AUTOMOTIVE MARKET STRENGTH
- The U.S. vehicle fleet reached a record 14.1-year average age in 2024, driving 30–40% higher maintenance spend on older vehicles
- Valvoline services 20M+ annual visits across 1,800+ locations
- The broader automotive aftermarket surpassed $460B in 2024 and is projected to exceed $560B by 2028
WILSON, NC TRADE AREA DEMOGRAPHICS
- Trade area population of 55,324 within 5 miles with average household income of $72,101
- 3-mile population of 37,968 with AHHI of $72,840
- Wilson is located 46 miles from Raleigh, NC, providing access to one of the fastest-growing metros in the Southeast
BONUS DEPRECIATION ELIGIBLE
- Valvoline's personal property classification allows investors to accelerate tax deductions and maximize early returns
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,650.00
$6,137.50/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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