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Valvoline

21114 Center Ridge Rd, Rocky River, OH 44116

Listing Price: $1,970,000

Cap Rate
4.75%
Tenant Name
Valvoline
Years Remaining On Lease
10.1
Gross SF
1,682
Guarantor
Corporate Guarantee
Rentable SF
1,682
Price/Gross SF
$1,171.22
Lease Type
NNN Ground Lease
Rent Per Square Feet
$55.65

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Valvoline in Rocky River, Ohio. The subject property is a brand new construction 15-year Valvoline absolute triple-net ground lease with zero landlord responsibilities. There are 10 percent rent increases ever five years of base term with options providing meaningful net operating income growth and inflation hedge. Valvoline is being offered for $1,970,000.

Investment Highlights

  • Brand New Construction 15-Year Valvoline Absolute Triple-Net Ground Lease in Rocky River, Ohio (Cleveland MSA)
  • 10 Percent Rent Increases Every Five Years of Base Term and Options Provides Meaningful Net Operating Income Growth and Inflation Hedge
  • Corporately Guaranteed Lease with Publicly-Traded Tenant (NYSE: VVV), $4.86 Billion Market Cap
  • Prime Location within the Middle of the Center Ridge Road Corridor within One of Cleveland's Most Desirable Suburbs
  • Absolute Triple-Net Ground Lease – Zero Landlord Responsibilities
  • Corner Parcel Adjacent to High-Volume Walgreens Store with Excellent Visibility to 20,000 Vehicles Per Day on Center Ridge Road

Exclusively Listed By

Listing Price: $1,970,000

Cap Rate
4.75%
Tenant Name
Valvoline
Years Remaining On Lease
10.1
Gross SF
1,682
Guarantor
Corporate Guarantee
Rentable SF
1,682
Price/Gross SF
$1,171.22
Lease Type
NNN Ground Lease
Rent Per Square Feet
$55.65

Investment Highlights

  • Brand New Construction 15-Year Valvoline Absolute Triple-Net Ground Lease in Rocky River, Ohio (Cleveland MSA)
  • 10 Percent Rent Increases Every Five Years of Base Term and Options Provides Meaningful Net Operating Income Growth and Inflation Hedge
  • Corporately Guaranteed Lease with Publicly-Traded Tenant (NYSE: VVV), $4.86 Billion Market Cap
  • Prime Location within the Middle of the Center Ridge Road Corridor within One of Cleveland's Most Desirable Suburbs
  • Absolute Triple-Net Ground Lease – Zero Landlord Responsibilities
  • Corner Parcel Adjacent to High-Volume Walgreens Store with Excellent Visibility to 20,000 Vehicles Per Day on Center Ridge Road

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Valvoline in Rocky River, Ohio. The subject property is a brand new construction 15-year Valvoline absolute triple-net ground lease with zero landlord responsibilities. There are 10 percent rent increases ever five years of base term with options providing meaningful net operating income growth and inflation hedge. Valvoline is being offered for $1,970,000.

Exclusively Listed By

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