1716 Lincoln Hwy.
Single-Tenant Valvoline Net Lease Investment
Marketing description
Colliers is pleased to present the opportunity to acquire a single-tenant Valvoline investment property located at 1716 Lincoln Highway in North Versailles, Pennsylvania. The 2,089 square-foot freestanding building is fully leased to Valvoline under an absolute NNN lease with zero landlord responsibilities. The lease is backed by a corporate guaranty from Valvoline Inc. (NYSE: VVV), a publicly traded company with more than 150 years of operating history and one of the largest quick-lube service networks in North America.
The offering is available at $910,000, representing a 5.50% cap rate, with a current net operating income of $50,000.04. The initial 15-year lease extends through September 30, 2040, with approximately 14.25 years remaining and 10% contractual rent increases every five years throughout the initial term and renewal options, providing long-term income growth.
Situated on Lincoln Highway (US-30), the property benefits from excellent visibility along a primary commercial corridor with approximately 20,826 vehicles per day. The site is surrounded by national retailers including Walmart, The Home Depot, Aldi, O'Reilly Auto Parts, Speedway, and Dunham's Sports, and offers convenient access to I-376, I-76, and Route 22, making it a well-positioned investment within the Greater Pittsburgh market.
For additional information or to schedule a property tour, contact our team today.
Investment highlights
- 14.25 years remaining on initial term.
- Corporate guaranty by Valvoline, Inc. (NYSE: VVV).
- Absolute NNN, zero landlord responsibilities.
- Contractual 10% rent increases every 5 years through a potential 2055 expiration.
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