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Auto Parts

Valvoline

115 N Beltline Dr, Florence, SC 29501

Listing Price: $1,455,000

Cap Rate
5.50%
Tenant Name
QAS, LLC d/b/a Valvoline
Years Remaining On Lease
10.3
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$40.00

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Valvoline Instant Oil Change in Florence, South Carolina. This location has a brand new, 10-year, triple net ground lease with no landlord responsibilities, which offers four, five-year tenant renewal options bringing the full term to 30 years with rent increases every five years. This is a brand-new location and is currently under construction. The projected opening is June 2023. Quality Automotive Services is a franchisee of Valvoline Instant Oil Change with over 1,000 employees. They currently operate approximately 128 locations in North Carolina, South Carolina, Kentucky, Indiana, Ohio, West Virginia, Georgia, Colorado, Wyoming, Montana and Utah, with plans to expand. This location is part of a high traffic, busy retail area. The Subject Property is conveniently located at the directly off David H McLeod Boulevard / Interstate 208 with approximately 32,500 vehicles daily. The Property is also within close proximity to Interstate 95 and Interstate 20 with combined daily traffic count of more than 91,000 vehicles. The surrounding area is a prime retail corridor with adjacent retailers including Aldi, Hobby Lobby, Ashley HomeStore, Sam’s Club, Lowe’s and Walmart Supercenter. Other surrounding national brands include Target, The Home Depot, Kohl’s, Best Buy, Old Navy, Burlington, Belk, Barnes & Nobile, Five Below, Badcock Home Furniture, Orangetheory Fitness, Petco, T.J. Maxx, Planet Fitness, Dick’s Sporting Goods, Ross, Party City, Big Lots, Academy Sports, Chili’s Grill & Bar, Outback Steakhouse, Olive Garden, Panera Bread, Longhorn Steakhouse, Chick fil A, Chipotle, McDonald’s, Burger King, Taco Bell, Wells Fargo, T-Mobile, Verizon, Dunkin Donuts, Starbucks, BMW, Mercedes-Benz and many more.

Investment Highlights

  • Brand New, 10-Year, Triple Net (NNN) Ground Lease With No Landlord Responsibilities
  • Brand New Location, Currently Under Construction – Projected Opening June 2023
  • Quality Automotive Services is a Franchisee of Valvoline Instant Oil Change With Over 1,000 Employees
  • Currently Operating Approx. 128 Locations in North Carolina, South Carolina, Kentucky, Indiana, Ohio, West Virginia, Georgia, Colorado, Wyoming, Montana and Utah, With Plans to Expand
  • Above Average Annual Household Income in One Mile is $89,373, Projected to Be Approximately $101,402 By 2027
  • Situated Right Off Interstate 95 and Interstate 20 With Combined Daily Traffic Count of More Than 91,000 Vehicles
  • Adjacent to Major Retailers – Aldi, Hobby Lobby, Ashley HomeStore, Sam's Club, Lowe's and Walmart Supercenter
  • Other Surrounding National Brands Include Target, The Home Depot, Kohl's, Best Buy, Old Navy, Burlington, Belk, Barnes & Nobile, Five Below, Badcock Home Furniture, Orangetheory Fitness, Petco, T.J. Maxx, Planet Fitness, Dick's Sporting Goods, Ross, Party City, Big Lots, Academy Sports, Chili's Grill & Bar, Outback Steakhouse, Olive Garden, Panera Bread, Longhorn Steakhouse, Chick fil A, Chipotle, McDonald's, Burger King, Taco Bell, Wells Fargo, T-Mobile, Verizon, Dunkin Donuts, Starbucks, BMW,

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Listing Price: $1,455,000

Cap Rate
5.50%
Tenant Name
QAS, LLC d/b/a Valvoline
Years Remaining On Lease
10.3
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$40.00

Investment Highlights

  • Brand New, 10-Year, Triple Net (NNN) Ground Lease With No Landlord Responsibilities
  • Brand New Location, Currently Under Construction – Projected Opening June 2023
  • Quality Automotive Services is a Franchisee of Valvoline Instant Oil Change With Over 1,000 Employees
  • Currently Operating Approx. 128 Locations in North Carolina, South Carolina, Kentucky, Indiana, Ohio, West Virginia, Georgia, Colorado, Wyoming, Montana and Utah, With Plans to Expand
  • Above Average Annual Household Income in One Mile is $89,373, Projected to Be Approximately $101,402 By 2027
  • Situated Right Off Interstate 95 and Interstate 20 With Combined Daily Traffic Count of More Than 91,000 Vehicles
  • Adjacent to Major Retailers – Aldi, Hobby Lobby, Ashley HomeStore, Sam's Club, Lowe's and Walmart Supercenter
  • Other Surrounding National Brands Include Target, The Home Depot, Kohl's, Best Buy, Old Navy, Burlington, Belk, Barnes & Nobile, Five Below, Badcock Home Furniture, Orangetheory Fitness, Petco, T.J. Maxx, Planet Fitness, Dick's Sporting Goods, Ross, Party City, Big Lots, Academy Sports, Chili's Grill & Bar, Outback Steakhouse, Olive Garden, Panera Bread, Longhorn Steakhouse, Chick fil A, Chipotle, McDonald's, Burger King, Taco Bell, Wells Fargo, T-Mobile, Verizon, Dunkin Donuts, Starbucks, BMW,

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Valvoline Instant Oil Change in Florence, South Carolina. This location has a brand new, 10-year, triple net ground lease with no landlord responsibilities, which offers four, five-year tenant renewal options bringing the full term to 30 years with rent increases every five years. This is a brand-new location and is currently under construction. The projected opening is June 2023. Quality Automotive Services is a franchisee of Valvoline Instant Oil Change with over 1,000 employees. They currently operate approximately 128 locations in North Carolina, South Carolina, Kentucky, Indiana, Ohio, West Virginia, Georgia, Colorado, Wyoming, Montana and Utah, with plans to expand. This location is part of a high traffic, busy retail area. The Subject Property is conveniently located at the directly off David H McLeod Boulevard / Interstate 208 with approximately 32,500 vehicles daily. The Property is also within close proximity to Interstate 95 and Interstate 20 with combined daily traffic count of more than 91,000 vehicles. The surrounding area is a prime retail corridor with adjacent retailers including Aldi, Hobby Lobby, Ashley HomeStore, Sam’s Club, Lowe’s and Walmart Supercenter. Other surrounding national brands include Target, The Home Depot, Kohl’s, Best Buy, Old Navy, Burlington, Belk, Barnes & Nobile, Five Below, Badcock Home Furniture, Orangetheory Fitness, Petco, T.J. Maxx, Planet Fitness, Dick’s Sporting Goods, Ross, Party City, Big Lots, Academy Sports, Chili’s Grill & Bar, Outback Steakhouse, Olive Garden, Panera Bread, Longhorn Steakhouse, Chick fil A, Chipotle, McDonald’s, Burger King, Taco Bell, Wells Fargo, T-Mobile, Verizon, Dunkin Donuts, Starbucks, BMW, Mercedes-Benz and many more.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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