Valvoline - La Marque, TX

NEW LOCATION WITH 15-YEAR GROUND LEASE

The Tenant is subject to a new, 15-year Absolute NNN Ground lease with 10% rent growth every 5 years and zero landlord obligations. This location is slated to open in May 2025.

AFFLUENT HOUSTON POCKET WITH TREMENDOUS GROWTH

Since 2010, the Asset’s surrounding 1-mile radius has experienced a staggering population growth of 178%. Additionally, households within that radius have average incomes exceeding $126,000 annually.

BUSTLING RETAIL CORRIDOR WITH MAJOR DEVELOPMENT PIPELINE INCLUDING A STATE-OF-THE-ART CONCERT VENUE

The newly built Property is positioned at the former Gulf Greyhound Park which has established itself as a major commercial corridor within the greater Houston area. National brands such as Whataburger, Chipotle, Raising Cane’s, and Salad and Go have new locations next to the Property and a McDonald’s is currently under development. All will benefit from the adjacent lot which will be redeveloped into 170,000 SF of retail space, an apartment complex, and a 12,000-seat, state-of-the-art concert venue. A Walmart-anchored retail center sits across the street from the Property and attracts more than 6 million visits annually, per Placer Ai.

IMMEDIATE INTERSTATE ACCESS

Immediate access to Emmett F Lowry Expressway & I-45 interchange which combines for more than 97,000 VPD.

This offering presents a unique opportunity to acquire a newly delivered Asset with a long-term lease in place in a premier growth market.