US - Lubbock, TX
IDR 151,147,806,000 | 6,548 m²
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee-simple interest in a corporate Valvoline Instant Oil Change (the “Property” or “Asset”) located in Lebanon, OH. Valvoline (the “Tenant”) is a market leader in automotive preventative maintenance, with 1,740+ stores, and a market capitalization of $6 billion (as of April 2023).
The Property is being purpose-built for Valvoline, with the Tenant executing a new 15-year Absolute NNN Ground lease with rent expecting to commencement in August of 2023.
The Property sits within an active commercial corridor with frontage along Columbus Avenue (11,390 VPD). Directly across the street from the Property, the Lebanon North Center, with national tenants such as Vance Outdoors, Sherwin-Williams, and Peoples Bank, is in the top 30% of most visited strip-centers in Ohio, and in the top third in the nation (Placer.ai).
The Offering provides investors with the opportunity to acquire a new-construction, purpose-built Valvoline with 15 years of corporately-backed, passive income.
License #: OH - 352247
Brand New Absolute NNN Ground Lease
Affluent, Dense Surrounding Community
Adjacent to Top Strip Center with National Tenant Roster
Cash Flow Guaranteed by Corporate Entity
Frontage Along Dense Lebanon Retail Corridor