Valvoline - Providence Village, TX

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.

The Property occupies a pad site within the Sprouts-anchored Providence Village Shopping Center at US-380 and Main Street, benefiting from direct access and visibility to more than 45,000 vehicles per day. Positioned along the rapidly expanding US-380 corridor, the Asset serves a high-growth Denton County trade area that has seen 136% population growth in since 2010. Fueled by the rapid growth, the market has seen significant residential development and uptick in national retail investment, supported by major regional demand drivers including Denton, UNT, Texas Woman’s University, Alliance Global Logistics Hub, and the Frisco–Plano corporate corridor.

The offering provides the opportunity to acquire a newly constructed retail asset backed by a national brand on a passive absolute NNN ground lease within one of North Texas’ fastest-growing retail corridors.