Valvoline Ground Lease,
Braselton, GA Investment Summary
| Price | $2,450,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot |
| Rental Increases | 10% Rental Increases Every Five (5) Years |
| Year Built | 2022 |
| Building Size | 2,088 SF |
| Lot Size | 1.05 Acres (45,738 SF) |
| Status | Sold |
| Lead Brokers | Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
NEW 15-YEAR CORPORATE GUARANTEED ABSOLUTE NNN GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» New absolute NNN ground lease to Valvoline (NYSE: “VVV” – $2.3B in revenue – 1,350+ locations)
» No landlord management, ideal for passive investors
» 10% rental increases every 5 years in primary term and extension periods offering hedge against inflation
HIGH-TRAFFIC LOCATION IN WELL POPULATED, AFFLUENT, AND GROWING RETAIL CORRIDOR
» Located on Friendship Road with excellent visibility and access to 15,800 vehicles per day in front of the property
» Convenient access to Interstate 85 (70,963 AADT)
» Average annual household income of $133,354 within a one-mile radius
» Projected average annual household income increase of 11 percent within one mile of the site in the next five years
» 86,464 residents live within a five-mile radius of the site with a projected 10 percent increase by 2026, poising Valvoline and Braselton for significant concurrent growth
CENTRAL LOCATION NEAR MAJOR EMPLOYERS, HOSPITALS AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers including, Publix, Kroger, Advance Auto Parts, AutoZone, Mavis Tires & Brakes, CVS, Waffle house, McDonald’s, and many more
» Proximity to many major employers including Petco Distribution Center, Whole Foods Distribution Center and many others
» 2.6 miles from Northeast Georgia Medical Center (134-bed, 119-acre property)
» Economically diverse Atlanta MSA market with 25-mile large trade area
Property Description
SOLD
The subject property is strategically located on Friendship Road with excellent visibility and access to 15,800 vehicles per day in front of the property and convenient access to Interstate 85 with an additional 70,963 vehicles per day. The surrounding area is very affluent with an average household income of $133,354 within a one-mile radius of the property. The surrounding area is also expanding rapidly with a population of 86,464 with a projected 10 percent increase within the next five years, poising Valvoline and Braselton for significant concurrent growth.
The site is immediately surrounded by a strong mix of local and national retailers including, Publix, Kroger, Advance Auto Parts, AutoZone, Mavis Tires & Brakes, CVS, Waffle House, McDonald’s, and many more. The subject property benefits from its proximity to many of the area’s major employers including Petco and Whole Foods Distribution Center. Located 2.6 miles from Northeast Georgia Medical Center, a 119-acre hospital with 134-beds serving the greater Braselton community. The property has convenient access to the economically diverse Atlanta MSA market with a 25-mile-large trade area.
