Descriptif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Valvoline located at 26605 US-380 in Providence Village, Texas (the “Property” or “Asset”). The newly constructed Property is secured by a 15.0-year absolute NNN ground lease (14.7 years remaining) featuring 10.0% rental increases every five years and three, five-year renewal options.

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Attributs

Prix demandé

3 038 000 $

Taux de capitalisation

5,25 %

RNI

160 000 $

Superficie du bâtiment nette

171 mètres carrés

Année de construction

2026

Superficie du terrain brute

0,31 ha

VALSE

14.7 années

Média

Points forts de l'investissement

Absolute NNN ground lease with zero landlord responsibilities
±14.7 years of primary lease term remaining with escalations
Sprouts Farmers Market grocery store outparcel; nearest other location is 9+ miles away
$140K average household income within 1 mile radius
#2 largest oil change chain in the world
12k single family units delivered since 2024 with 8k units coming soon (within 5 miles)
287% population growth since 2010 within 3 mile radius
Frontage along US 380 with accessibility to 45,000 VPD
In proximity to University of North Texas and Texas Woman’s University (62,000+ students)