Valvoline - The Woodlands

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground lease interest in the single tenant Valvoline located at 8611 W New Harmony Trail, Tomball, TX (“Property” or “Asset”).

The Asset is 100% leased to Valvoline (“Tenant”) on a ground lease with zero landlord responsibilities, approximately 10.0 years remaining of primary lease term, and three, five-year renewal options with 10.0% rent escalations every 5 years. The Tenant is one of the largest automotive service chains in the country with nearly 1,900 locations across North America. Valvoline is rated BB by S&P and generates over $1.5B of revenue annually. Valvoline continues to expand, adding 38 stores in the first quarter of 2024 and exhibited system-wide store sales growth of 12% in FY2023.

The Asset sits in The Woodlands master-planned development, which continues to thrive, with 192% population growth since 2010 in a 1-mile radius surrounding the asset. The area features impressive household income, averaging $189K in a 1-mile radius. Individuals and families continue to flock to the area, which was ranked the 3rd Best City to Live In and the 1st Best City to Buy a House by Niche in 2023.

The Woodlands is home to The Woodlands Mall, a top performing shopping center ranked in the top 1% by visits nationwide (Placer.ai), with 8.8 million visits annually. The master-planned community also includes four premier full-service acute care hospitals with more than 1,100 total inpatient beds operated by the market's leading health systems, making it a significant healthcare hub in the rapidly developing North Houston region.

The Property sits in a major retail corridor with national tenants including Walmart, HEB, Chick-Fil-A, and Aldi, among others. The corridor is served by Kuykendahl Rd, driving 25K VPD past the asset, and connecting it to I-45 and the surrounding Houston MSA.

This unique opportunity allows investors the ability to acquire an institutional-quality tenant in The Woodlands, a fast-growing, highly affluent market, and in-demand market with zero landlord responsibilities.