Golden Chick - Rowlett, TX
9103 Lakeview Pkwy, Rowlett, TX, 75088, US
IDR 53,333,283,000 | 359 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Valvoline at 24702 Morton Ranch Road in Katy, Texas (“Property” or “Asset”). The Property is operating on a corporate absolute NNN ground lease with 15.0 years of primary lease term, 10.0% rent escalations every 5 years and four, five-year options. Valvoline is the #2 largest oil change chain in the world with 18 consecutive years of system-wide same-store sales growth.
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Attributes
Asking price
IDR 41,513,112,000
Cap rate
5.25%
NOI
IDR 2,179,606,000
WAULT
15 years
Building area net
194 m²
Year built
2026
Land area gross
0.42 ha
Media
Investment Highlights
- Valvoline 15.0-year absolute NNN ground lease with zero landlord responsibilities
- H-E-B anchored pad site, the #1 visited HEB in Katy, TX
- Incredible demand characteristics driven by 1-mile AHHI of $135K+ and 206% population growth since 2010
- Adjacent to Katy Park, a 100-acre sports complex with 700,000+ annual visitors
- Valvoline has had 18 consecutive years of system-wide same-store sales growth
- Frontage along Morton Rd with accessibility to 44,000+ VPD
Contact brokers
Valvoline - Katy, TX (0 Properties)
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Last updated
3 Feb 2026
