Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Valvoline Instant Oil Change in Tullahoma, TN. This is a new, 15-year, triple net (NNN) corporate ground lease. The lease offers four, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. This is a brand-new location with construction just recently completed. Valvoline Instant Oil Change is a division of Valvoline, Inc., one of the leading worldwide marketers and suppliers of automotive lubricants and supplies. The Company’s more than 1,900 locations serve over 10 million customers annually. Valvoline aims to have more than 3,500 total retail locations with plans to open around 250 new stores annually to reach this goal. The Property is located on Jackson Street, which is a significant thoroughfare featuring a mix of residential, commercial, and institutional properties, with a traffic count of more than 28,500 vehicles daily. This Valvoline is situated along a strong retail corridor in a high traffic area, directly across the street from Northgate Mall, with tenants including Publix Supermarket, Five Below, Harbor Freight Tools, Old Navy, Bealls, Ulta Beauty, PetSmart, and many others. Other surrounding national brands in the immediate area including Lowe’s, Walmart Supercenter, Regal Cinemas, Hobby Lobby, Planet Fitness, CrossFit, Food Lion, Aldi, Kroger, Office Max, Ross, Tractor Supply Co., Chick-fil-A, McDonald’s, Red Lobster, KFC, Taco Bell, Dunkin’, Starbucks, Ruby Tuesday, Applebee’s, Verizon, AT&T Store, Holiday Inn Express, Hampton Inn, Quality Inn, Baymont by Wyndham, BMW, Chevrolet, Jeep and many more. The Subject Property is less than 10 miles outside of the Arnold Air Force Base, which employs over 2,700 active-duty military personnel, federal civil servants and civilian contractors. The Presence of Arnold Air Force Base and the Tennessee Air National Guard at the Tullahoma Municipal Airport are significant to the city’s economy.