Description

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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Caractéristiques de l'actif

Prix attendu

1 884 000 €

Taux de capitalisation

5,25 %

Revenu net

99 000 €

Surface de l'actif Net

171 m²

Année de construction

2026

Taille du terrain Brut

0,31 hectare

WALT

14.7 années

Média

Points clés d'investissement

New construction corporate Valvoline GL with corporate guaranty
Absolute NNN with zero landlord responsibilities
±14.7 years of term remaining with 10% rent escalations every 5 years
Sprouts Farmers Market grocery store outparcel; nearest other location is 9+ miles away
$140K average household income within 1 mile radius
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)
Valvoline: 18 consecutive years of system wide same store sales growth
#2 largest oil change chain in the world