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

1 891 000 €

Taux de capitalisation

5,25 %

Revenu net

100 000 €

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

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)