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Auto Service - Gas-Conv

Valvoline (Corporate) | Signalized Intersection (47,124 VPD)

1465 Eastern Blvd, Montgomery, AL 36117

Listing Price: $2,050,000

Cap Rate
5.00%
Tenant Name
Valvoline
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,673
Lease Type
Ground Lease
Rent Per Square Feet
$38.35

Investment Overview

15 YEAR NNN CORPORATE GROUND LEASE WITH 10% INCREASES IN LEASE & OPTIONS
• The subject property has a 15-year ground lease guaranteed by Valvoline Inc. (Corporate).
• The lease is absolute NNN, and the tenant is responsible for all taxes, insurance, CAM, roof, and structure.
• There are attractive 10% rental increases every 5 years during the initial lease and each of the four 5 year option periods.
• The store is currently under construction and rent is scheduled to commence in December 2025.

SIGNALIZED INTERSECTION (47,124 VPD) OFF INTERSTATE 85 (116,135 VPD)
• This Valvoline is ideally positioned at the signalized intersection of Hwy 231 & Woodmere Blvd (47,127 VPD).
• Subject project is located directly off an Interstate 85 (116,135 VPD) exit. I-85 is a major interstate that connects Montgomery to Atlanta, GA and Charlotte, NC.

ADJACENT TO LOWE'S & HOME DEPOT ON PRIMARY RETAIL CORRIDOR (2.1M SF OF RETAIL WITHIN 1 MILE)
• This Valvoline is located on a primary retail corridor with over 2.1 million SF of retail within a 1 mile radius.
• Lowe’s Home Improvement and Home Depot are adjacent to this property.
• Additional national retailers in this corridor include Walmart, Sams Club, Harbor Freight Tools, TJ Maxx, and more.

5 MILE POPULATION I S149, 911
• The population is 149,911 within a 5 mile radius of this property and is surrounded by 64,840 households.
• The 5 mile average household income is $84,533.

MONTGOMERY | CAPITAL OF ALABAMA
• Montgomery is the capital and third most populous city in Alabama.
• Due to its location along the Alabama River and extensive rail connections, Montgomery has been and continues to be a regional distribution hub for a wide range of industries.
• The city’s Gross Metropolitan Product is $12.15 billion, representing 8.7% of the gross state product of Alabama.
• Home to Maxwell Air Force Base, with roughly 50,000 resident and 160,000 non-resident personnel.

CORPORATE GUARANTEED BY VALVOLINE INC (NYSE : VVV )
• Valvoline Instant Oil Change offers services including its signature 15-minute oil change, in addition to preventive maintenance such as fluid exchanges, filters, wiper blades, and more.
• This lease is corporately guaranteed by Valvoline Inc. (NYSE: VVV), a leading provider of automotive preventive maintenance services.
• Today, Valvoline operates and franchises over 2,010+ service center locations across the U.S., making it one of the largest quick-lube operators in the country.
• Founded in 1866, Valvoline has over 150 years of operational history and benefits from a globally recognized brand with strong customer loyalty and proven performance in the automotive services sector.

Investment Highlights

  • 15 Year NNN Corporate Ground Lease With 10% Increases In Lease & Options
  • Signalized Intersection (47,124 VPD) Off Interstate 85 (116, VPD)
  • Adjacent To Lowe's & Home Depot On Primary Retail Corridor (2.1M SF Of Retail Within 1 Mile)
  • 5 Mile Population Is 149,911
  • Montgomery | Capital of Alabama
  • Corporate Guaranteed By Valvoline Inc (NYSE: VVV)

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Valvoline (Corporate) | Signalized Intersection (47,124 VPD)

Listing Price: $2,050,000

Cap Rate
5.00%
Tenant Name
Valvoline
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,673
Lease Type
Ground Lease
Rent Per Square Feet
$38.35

Investment Highlights

  • 15 Year NNN Corporate Ground Lease With 10% Increases In Lease & Options
  • Signalized Intersection (47,124 VPD) Off Interstate 85 (116, VPD)
  • Adjacent To Lowe's & Home Depot On Primary Retail Corridor (2.1M SF Of Retail Within 1 Mile)
  • 5 Mile Population Is 149,911
  • Montgomery | Capital of Alabama
  • Corporate Guaranteed By Valvoline Inc (NYSE: VVV)

Investment Overview

15 YEAR NNN CORPORATE GROUND LEASE WITH 10% INCREASES IN LEASE & OPTIONS • The subject property has a 15-year ground lease guaranteed by Valvoline Inc. (Corporate). • The lease is absolute NNN, and the tenant is responsible for all taxes, insurance, CAM, roof, and structure. • There are attractive 10% rental increases every 5 years during the initial lease and each of the four 5 year option periods. • The store is currently under construction and rent is scheduled to commence in December 2025. SIGNALIZED INTERSECTION (47,124 VPD) OFF INTERSTATE 85 (116,135 VPD) • This Valvoline is ideally positioned at the signalized intersection of Hwy 231 & Woodmere Blvd (47,127 VPD). • Subject project is located directly off an Interstate 85 (116,135 VPD) exit. I-85 is a major interstate that connects Montgomery to Atlanta, GA and Charlotte, NC. ADJACENT TO LOWE'S & HOME DEPOT ON PRIMARY RETAIL CORRIDOR (2.1M SF OF RETAIL WITHIN 1 MILE) • This Valvoline is located on a primary retail corridor with over 2.1 million SF of retail within a 1 mile radius. • Lowe’s Home Improvement and Home Depot are adjacent to this property. • Additional national retailers in this corridor include Walmart, Sams Club, Harbor Freight Tools, TJ Maxx, and more. 5 MILE POPULATION I S149, 911 • The population is 149,911 within a 5 mile radius of this property and is surrounded by 64,840 households. • The 5 mile average household income is $84,533. MONTGOMERY | CAPITAL OF ALABAMA • Montgomery is the capital and third most populous city in Alabama. • Due to its location along the Alabama River and extensive rail connections, Montgomery has been and continues to be a regional distribution hub for a wide range of industries. • The city’s Gross Metropolitan Product is $12.15 billion, representing 8.7% of the gross state product of Alabama. • Home to Maxwell Air Force Base, with roughly 50,000 resident and 160,000 non-resident personnel. CORPORATE GUARANTEED BY VALVOLINE INC (NYSE : VVV ) • Valvoline Instant Oil Change offers services including its signature 15-minute oil change, in addition to preventive maintenance such as fluid exchanges, filters, wiper blades, and more. • This lease is corporately guaranteed by Valvoline Inc. (NYSE: VVV), a leading provider of automotive preventive maintenance services. • Today, Valvoline operates and franchises over 2,010+ service center locations across the U.S., making it one of the largest quick-lube operators in the country. • Founded in 1866, Valvoline has over 150 years of operational history and benefits from a globally recognized brand with strong customer loyalty and proven performance in the automotive services sector.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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