Long-Term Ground Lease: Valvoline is on a brand new 15-Year Abs NNN ground lease with zero landlord responsibilities.
Corporate Guarantee: The lease is backed by Valvoline, Inc., an industry leader in the quick service oil change industry. They currently operate 1,900 locations across the U.S. and have plan to continue their expansion to roughly 3,500 stores. Additionally, Valvoline has seen 18 years of consecutive sales growth.
Attractive Rental Increases: Valvoline is paying a cheap rent of $89,000 annually and the lease features very attractive 10% rent increases every 5-Years for the entirely of the lease.
Trusted National Tenant: Known for its quick, expert service, Valvoline completes oil changes in approximately 15 minutes, with each service including a free 18-point maintenance check.
Booming Retail Corridor: Valvoline is located adjacent to Marshfield Town Centre, a popular retail destination featuring tenants like Hobby Lobby, Kohl’s, Five Below and Ross Dress for Less, attracting 660,000 annual visits. Additional retailers in the area include Walmart, Target, Kohl’s, Menards, McDonald’s, Festival Foods, and many more.
Hard Signalized Corner: The subject property is located at the hard signalized intersection of State Hwy 97 & Upham St, which see roughly 22,581 vehicles daily.
Publicly Traded Tenant: Valvoline is a publicly traded automotive maintenance and service brand, offering services like oil changes, tire rotations, and battery replacement across over 1,800 locations nationwide.
Broker of Record
Matthew M. Fitzgerald
License No. 938105-91 (WI)