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Valvoline Ground Lease

SEC North Hamilton Road & Shagbark Road, Gahanna, OH 43230

Listing Price: $1,579,000

Cap Rate
4.75%
Tenant Name
Valvoline
Years Remaining On Lease
15.1
Gross SF
2,080
Guarantor
Corporate Guarantee
Rentable SF
2,080
Price/Gross SF
$759.13
Lease Type
NNN Ground Lease
Rent Per Square Feet
$36.06

Investment Overview

Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the Company’s heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume. The City of Gahanna is situated in northeast Franklin County, Ohio. A suburb of Columbus, Gahanna is home to an estimated 35,500 people. Gahanna has been named one of the “Best Hometowns” by Ohio Magazine and boasts over 750 acres of parkland, vibrant neighborhoods, unique historic attractions, high quality restaurants, and premier shopping destinations. The city’s economy benefits from it’s close proximity to Columbus and John Glenn Columbus International Airport.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • 176,271 Residents Within a Five-Mile Radius - Growing Columbus Trade Area
  • New High-Quality 2021 Construction
  • High Traffic Location Along North Hamilton Road, Visible to Over 18,050 Cars per Day
  • Located at Dense Retail Intersection - Giant Eagle Supermarket, Kroger, Cinemark, Meijer, The Home Depot, Kohl's, and More
  • Average Household Income Exceeds $126,000 Within the Immediate Area
  • Less than Three Miles Off the I-270 Freeway, a Major Connector for the Columbus Area

Exclusively Listed By

Listing Price: $1,579,000

Cap Rate
4.75%
Tenant Name
Valvoline
Years Remaining On Lease
15.1
Gross SF
2,080
Guarantor
Corporate Guarantee
Rentable SF
2,080
Price/Gross SF
$759.13
Lease Type
NNN Ground Lease
Rent Per Square Feet
$36.06

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • 176,271 Residents Within a Five-Mile Radius - Growing Columbus Trade Area
  • New High-Quality 2021 Construction
  • High Traffic Location Along North Hamilton Road, Visible to Over 18,050 Cars per Day
  • Located at Dense Retail Intersection - Giant Eagle Supermarket, Kroger, Cinemark, Meijer, The Home Depot, Kohl's, and More
  • Average Household Income Exceeds $126,000 Within the Immediate Area
  • Less than Three Miles Off the I-270 Freeway, a Major Connector for the Columbus Area

Investment Overview

Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the Company’s heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume. The City of Gahanna is situated in northeast Franklin County, Ohio. A suburb of Columbus, Gahanna is home to an estimated 35,500 people. Gahanna has been named one of the “Best Hometowns” by Ohio Magazine and boasts over 750 acres of parkland, vibrant neighborhoods, unique historic attractions, high quality restaurants, and premier shopping destinations. The city’s economy benefits from it’s close proximity to Columbus and John Glenn Columbus International Airport.

Exclusively Listed By

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