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34465661
34465662

1716 Lincoln Highway, NORTH VERSAILLES, PA 15137 For Sale

ID
PA PA RS350195
Colliers - Pittsburgh
Colliers - Pittsburgh
MA
PA AB066184
JR
MN 20206110, WI 58-178-90
Colliers - Minneapolis - St. Paul, Minnesota
Listed by Colliers - Pittsburgh, Colliers - Minneapolis - St. Paul, Minnesota
$910,000
5 days on market
Updated 2 days ago
Opportunity zone

1716 Lincoln Hwy.

Details
APN 0645M00257000000
Property Type Mixed Use
Square Footage 2,089
Units 1
Cap Rate 5.50%
NOI $50,000
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Expiration 07/17/2055
Remaining Term 29
Rent Bumps Yes
Lease Options Two 5-year options, plus final extensions through a total term of 29 years and 11 months
Year Built 1994
Buildings 1
Lot Size (SqFt) 24,309
Zoning MU (Mixed Use)
Parking Spaces 10 spaces
Parking per 1,000 SqFt 4.79
Tenant Credit Corporate Guarantee
Ground Lease No

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.

Listing Contacts

ID
PA PA RS350195
Colliers - Pittsburgh
Colliers - Pittsburgh
MA
PA AB066184
JR
MN 20206110, WI 58-178-90
Colliers - Minneapolis - St. Paul, Minnesota
Listed by Colliers - Pittsburgh, Colliers - Minneapolis - St. Paul, Minnesota

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,000.04
$4,166.67/mo

Valuation Metrics

0
DSCR
5.49%
Cap Rate
5.49%
ROI

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Additional Information

Name
Ian Dupre
License
PA RS350195
Brokerage
Colliers International
Title
Senior Associate | Pittsburgh
Brokerage Address
525 William Penn Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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