Investment Highlights

NEW 15-YEAR CORPORATE GROUND LEASE
» 15-year ground lease guaranteed by Valvoline Inc. (NYSE: “VVV”)
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Strategically located at the signalized hard corner of West Andrew Johnson Highway and West Morris Boulevard—one of the busiest intersections in the Morristown market—with excellent visibility and access to 58,700 vehicles per day
» Excellent location at the center of the rapidly growing retail corridor along Andrew Johnson Highway
» Notable retailers near the property include CVS, Home Depot, Walgreens, Lowe’s, Walmart Neighborhood Market, and Advance Auto Parts, amongst others

CLOSE PROXIMITY TO SEVERAL SCHOOLS AND MAJOR EMPLOYERS
» Minutes from Walters State Community College (10,000 students), Morristown- Hamblen High School West (1,374 students), and Morristown-Hamblen High School East (1,430 students)
» Within walking distance of many of Morristown’s largest employers, including Koch Foods (1,100 employees), Renold Jeffrey (217 employees), and Precision Flooring Products (150 employees)
» Near Morristown-Hamblen Healthcare System, a 167-bed hospital with 716 employees
» Close to new Van Hool manufacturing plant, expected to create 600 to 1,200 jobs

STRONG MORRISTOWN MARKET
» Morristown is a regional hub for education, healthcare, retail sales, and manufacturing
» Morristown is home to College Square Mall—the only mall in the eight-county area of Upper East Tennessee—which serves a trade area of over 300,000 people
» Located in Greater Knoxville region

Property Description

SOLD

The property is strategically located at the signalized hard corner of West Andrew Johnson Highway and West Morris Boulevard—one of the busiest intersections in the Morristown market—with excellent visibility and access to 58,700 vehicles per day. The property boasts an excellent location at the center of the rapidly growing retail corridor along Andrew Johnson Highway. The property is directly adjacent to major national retailers, including CVS and Walgreens, as well as large shopping centers, like the Home Depot-anchored Morristown Plaza. Other notable retailers near the property include Lowe’s, Walmart Neighborhood Market, Advance Auto Parts, McDonald’s, and Buffalo Wild Wings, amongst others.

The property is centrally located near several schools and major employers. The property is minutes from both Morristown-Hamblen High School West (1,374 students) and Morristown-Hamblen High School East (1,430 students). Also near the property are a number of colleges, including Walters State Community College, which has a total enrollment of approximately 10,000 students. The property is adjacent to an industrial region that houses the industrial operations of such companies as Koch Foods (1,100 employees), Renold Jeffrey (217 employees), and Precision Flooring Products (150 employees). The property is also close to the Morristown-Hamblen Healthcare System, a 167-bed hospital with 716 employees.