1000 Belvedere Drive, Lebanon, OH, 45036, US

Valvoline - Lebanon, OH

物件概要

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.

Bill Poffenberger

License #: OH - 352247

...

特性

提示価格

￥199,326,000

建物面積ネット

177 平方メートル

入居状況

100.00%

竣工年

2023

キャップレート

5.25%

NOI （営業純収益）

￥10,465,000

メディア

投資のハイライト

Brand New Absolute NNN Ground Lease

Zero landlord responsibilities with rent to commence for a 15-year term upon estimated construction completion in August 2023

Affluent, Dense Surrounding Community

35,680+ residents with an average household income of $119,300 live within 5 miles of the Asset

Adjacent to Top Strip Center with National Tenant Roster

The Lebanon North Strip Center, with tenants such as Walgreens, Vance Outdoor, and Sherwin-Williams, is in the top third of all strip centers in the nation, by visits (placer.ai)

Cash Flow Guaranteed by Corporate Entity

Valvoline, Inc. has achieved 16 years of consecutive same-store sales growth, operates over 1,740 locations and generated over $1.28 billion in 2022 revenue

Frontage Along Dense Lebanon Retail Corridor