Valvoline - The Woodlands_Propiedad en venta
Valvoline - The Woodlands_Propiedad en venta
8611 W New Harmony Trl, Tomball, TX, 77375-1538, US

Valvoline - The Woodlands

Descripción del activo

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.

...

Atributos

Precio de venta
2.152.000 €
Tasa de capitalización
5,35 %
NOI
116.000 €
WAULT
10 años
Área de construcción bruta
279 m²
Área de terreno bruta
0,65 ha

Medios

Aspectos destacados de la inversión

  • Ground lease with 10 years remaining and 10% rent bumps every 5 years
  • Large 1.6 AC site with visibility to 25K VPD
  • Major retail corridor with national tenants including Walmart, HEB, Chick-fil-A, and Aldi
  • Located in The Woodlands with 192% population growth since 2010 in a 3-mile radius
  • Impressive household income averaging $189K in a 5-mile radius
  • Ranked 3rd Best City to Live In and 1st Best City to Buy a House by Niche in 2023
  • Valvoline is one of the largest automotive service chains in the country with nearly 1,900 locations across North America


Valvoline - The Woodlands 4_Propiedad en venta
Valvoline - The Woodlands 4_Propiedad en venta

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Valvoline - The Woodlands (0 Propiedades)
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Última actualización
Jun 3, 2024