物件概要
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground lease interest in the single tenant Valvoline located at 8611 W New Harmony Trail, Tomball, TX (“Property” or “Asset”).
The Asset is 100% leased to Valvoline (“Tenant”) on a ground lease with zero landlord responsibilities, approximately 10.0 years remaining of primary lease term, and three, five-year renewal options with 10.0% rent escalations every 5 years. The Tenant is one of the largest automotive service chains in the country with nearly 1,900 locations across North America. Valvoline is rated BB by S&P and generates over $1.5B of revenue annually. Valvoline continues to expand, adding 38 stores in the first quarter of 2024 and exhibited system-wide store sales growth of 12% in FY2023.
The Asset sits in The Woodlands master-planned development, which continues to thrive, with 192% population growth since 2010 in a 1-mile radius surrounding the asset. The area features impressive household income, averaging $189K in a 1-mile radius. Individuals and families continue to flock to the area, which was ranked the 3rd Best City to Live In and the 1st Best City to Buy a House by Niche in 2023.
The Woodlands is home to The Woodlands Mall, a top performing shopping center ranked in the top 1% by visits nationwide (Placer.ai), with 8.8 million visits annually. The master-planned community also includes four premier full-service acute care hospitals with more than 1,100 total inpatient beds operated by the market's leading health systems, making it a significant healthcare hub in the rapidly developing North Houston region.
The Property sits in a major retail corridor with national tenants including Walmart, HEB, Chick-Fil-A, and Aldi, among others. The corridor is served by Kuykendahl Rd, driving 25K VPD past the asset, and connecting it to I-45 and the surrounding Houston MSA.
This unique opportunity allows investors the ability to acquire an institutional-quality tenant in The Woodlands, a fast-growing, highly affluent market, and in-demand market with zero landlord responsibilities.
特性
メディア
投資のハイライト
- Ground lease with 10 years remaining and 10% rent bumps every 5 years
- Large 1.6 AC site with visibility to 25K VPD
- Major retail corridor with national tenants including Walmart, HEB, Chick-fil-A, and Aldi
- Located in The Woodlands with 192% population growth since 2010 in a 3-mile radius
- Impressive household income averaging $189K in a 5-mile radius
- Ranked 3rd Best City to Live In and 1st Best City to Buy a House by Niche in 2023
- Valvoline is one of the largest automotive service chains in the country with nearly 1,900 locations across North America
![Valvoline - The Woodlands 4_販売物件](https://res.cloudinary.com/jll-global-cmg/image/upload/w_1920,q_auto/ar_1.7777777777777777,c_crop/w_1100,q_auto,c_scale/v1717004365/Prod/DealX/Img/cc2342a2-e13e-4abc-bb76-fd9bfd8879a4.jpg)
![Valvoline - The Woodlands 4_販売物件](https://res.cloudinary.com/jll-global-cmg/image/upload/w_1920,q_auto/ar_1.7777777777777777,c_crop/w_1100,q_auto,c_scale/v1717004365/Prod/DealX/Img/6efa1da5-282d-4125-96da-be70fda41761.jpg)