Retail

Valvoline Chester, VA

2501 W Hundred Rd Chester, Virginia United States 23831

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Documents

Teaser

I accept the confidentiality agreement

Attributes

Year Built	2020
Building Area
Occupancy	100.0 %

Property Description

New 15-year corporate ground lease guaranteed by Valvoline Inc. (NYSE: VVV). Attractive 10% increases every 5 years and 12% increases in each option period. Currently under construction and low $90,000 ground rent on 0.64 acres.

Investment Highlights

Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a rare single tenant Valvoline (the “Property”) on a new 15-year ground lease located at Bermuda Square in Chester, VA — the #1 state for business in 2019. Valvoline operates over 1,300 stores to achieve sales exceeding $2.4 billion.

Last Updated Date: 07 Aug 2020

Michael Brewster

Director, Capital Markets

License details

FL-SL3280018

+61283171118

Brad Peterson

Senior Managing Director, Orlando Office Head

License details

FL-BK3162030 AL-000088844-0 GA-256948

+61283171118

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Last Updated Date: 07 Aug 2020