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Auto Service - Gas-Conv

Valvoline Ground Lease

1925 GA-20, Conyers, GA 30013

Listing Price: $2,211,000

Cap Rate
4.75%
Tenant Name
Valvoline LLC d/b/a Valvoline Instant Oil Change
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
2,087
Lease Type
NNN Ground Lease
Rent Per Square Feet
$50.31

Investment Overview

ATL ANTA, GA MSA ADVANTAGE - Atlanta metro has the 5th largest population in the US with 5.9+ million residents - 30 companies with HQ in metro Atlanta are among the 2020 Fortune 1000 › 16 ranked in the elite Fortune 500 - Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development) - For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration - Major industries include financial services, technology and telecommunications - Forbes Rankings: #13 Best Places for Business and Careers, #34 in Job Growth, #41 in Education OPTIMAL LEASE STRUCTURE - Absolute Ground Lease with 14+ years remaining on base term - Corporately guaranteed by Valvoline Inc. - 2020 construction with high-volume 3-bay prototype - Three, five-year renewal options - 10% rent escalations every 5 years and each option - NNN ground lease with ZERO landlord responsibilities REAL ESTATE FUNDAMENTALS & MARKE T DEMOGRAPHICS - Slightly above grade with optimal visibility - Located along GA Hwy 20, a major N/S thoroughfare in Conyers with 5 lanes - Average daily traffic count exceeds 42,700 VPD along GA Hwy 20 - Highly dense population: ±38k (3-mi); ±89k (5-mi) - Strong daytime population ±5k (1-mi); ±54k (3-mi); ±89k (5-mi) - Explosive population growth since 2000: ±35% (1-mi); ±27% (3-mi); ±44% (5-mi) - Nearby traffic generators include Publix, Target, Chase Bank, Aldi, Lowe's, Chick- fil-A, Walgreens, Kroger, etc. VALVOLINE — CORPORATE GUAR ANT Y - Leading worldwide supplier of premium branded lubricants and automotive services, with sales in more than 140 countries - 2020 revenue: $2.4B - $5.68B Total Market Cap - 1,500+ locations – 2nd-largest oil change service provider in US with 10% market share - Total liquidity of nearly $1.3B as of June 30, 2020

Investment Highlights

  • Absolute Ground Lease with 14+ years remaining on base term
  • Corporately guaranteed by Valvoline Inc.
  • 10% rent escalations every 5 years and each option
  • Located along GA Hwy 20, a major N/S thoroughfare in Conyers with 5 lanes
  • Average daily traffic count exceeds 42,700 VPD along GA Hwy 20
  • 1,500+ locations – 2nd-largest oil change service provider in US with 10% market share

Exclusively Listed By

Auto Service - Gas-Conv

Valvoline Ground Lease

Listing Price: $2,211,000

Cap Rate
4.75%
Tenant Name
Valvoline LLC d/b/a Valvoline Instant Oil Change
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
2,087
Lease Type
NNN Ground Lease
Rent Per Square Feet
$50.31

Investment Highlights

  • Absolute Ground Lease with 14+ years remaining on base term
  • Corporately guaranteed by Valvoline Inc.
  • 10% rent escalations every 5 years and each option
  • Located along GA Hwy 20, a major N/S thoroughfare in Conyers with 5 lanes
  • Average daily traffic count exceeds 42,700 VPD along GA Hwy 20
  • 1,500+ locations – 2nd-largest oil change service provider in US with 10% market share

Investment Overview

ATL ANTA, GA MSA ADVANTAGE - Atlanta metro has the 5th largest population in the US with 5.9+ million residents - 30 companies with HQ in metro Atlanta are among the 2020 Fortune 1000 › 16 ranked in the elite Fortune 500 - Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development) - For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration - Major industries include financial services, technology and telecommunications - Forbes Rankings: #13 Best Places for Business and Careers, #34 in Job Growth, #41 in Education OPTIMAL LEASE STRUCTURE - Absolute Ground Lease with 14+ years remaining on base term - Corporately guaranteed by Valvoline Inc. - 2020 construction with high-volume 3-bay prototype - Three, five-year renewal options - 10% rent escalations every 5 years and each option - NNN ground lease with ZERO landlord responsibilities REAL ESTATE FUNDAMENTALS & MARKE T DEMOGRAPHICS - Slightly above grade with optimal visibility - Located along GA Hwy 20, a major N/S thoroughfare in Conyers with 5 lanes - Average daily traffic count exceeds 42,700 VPD along GA Hwy 20 - Highly dense population: ±38k (3-mi); ±89k (5-mi) - Strong daytime population ±5k (1-mi); ±54k (3-mi); ±89k (5-mi) - Explosive population growth since 2000: ±35% (1-mi); ±27% (3-mi); ±44% (5-mi) - Nearby traffic generators include Publix, Target, Chase Bank, Aldi, Lowe's, Chick- fil-A, Walgreens, Kroger, etc. VALVOLINE — CORPORATE GUAR ANT Y - Leading worldwide supplier of premium branded lubricants and automotive services, with sales in more than 140 countries - 2020 revenue: $2.4B - $5.68B Total Market Cap - 1,500+ locations – 2nd-largest oil change service provider in US with 10% market share - Total liquidity of nearly $1.3B as of June 30, 2020

Exclusively Listed By

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