Investment Highlights

15-YEAR CORPORATE GUARANTEED ABSOLUTE NNN GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» Long-term lease to Valvoline (NYSE: “VVV” – $2.98B in revenue – 1,400+ locations)
» Lease guaranteed by Valvoline, Inc.
» Absolute NNN ground lease requires no landlord management, ideal for passive investors
» Scheduled rental increases, providing a hedge against inflation
» 2020 construction featuring three service bays and latest Valvoline store design & concepts

NEWLY CONSTRUCTED VALVOLINE IN TROPHY GROCERY ANCHORED CENTER
» Located within Harper’s Preserve, a new 880-acre master-planned gated community with more than 2,000 homes and an affluent demographic with more than 84,000 residents in a five-mile radius and an average household income over $141,000
» Ideally positioned off Interstate 45 (179,160 AADT) along Texas State Route 242 (49,026 AADT) at Harper’s Trace with multiple access points providing easy accessibility and visibility
» Conroe, TX was recently identified as the fastest-growing city in U.S. with an annual growth rate of 7.8%, 11 times the national average
» Limited housing supply in The Woodlands is driving a significant push for housing growth east of Interstate 45
» Conroe is an ideal location for companies in need of both regional air transportation and international air travel. Just 15 miles from Harper’s Preserve, Conroe-North Houston Regional Airport provides immediate access to the world through both private and corporate flights.. In addition, George Bush Intercontinental Airport Houston (IAH) is a short 30-minute drive from Conroe
» Nearby major medical hospitals include St. Lukes Woodland Hospital, Houston Methodist Hospital, Texas Children’s Hospital, and Kelsey-Seybold Clinic establishing the community with a top-tier workforce and 24-hour demand for tenants within the center

Property Description

SOLD

This Valvoline is strategically located in the heart of Conroe’s economic and communal hub, surrounded by world-class shopping, dining, and recreation. The master-planned community of Harper’s Preserve includes three villages: West Village (complete), East Village (nearing completion), and South Village (now open). The location features easy access to George Bush Intercontinental Airport and nearby Houston, featuring world-renowned museums, professional sports with the Astros, Texans, and Rockets, the downtown theater district, and much more.

84,088 residents live within a five-mile radius of the property, with an increase of 44% since 2010 and a projected increase of 18% over the next five years, illustrating Conroe’s recent and explosive growth. The property is also supported by an affluent customer base, with an average annual household income of $141,085 within five miles of the property.