Cap Rate
6.25%
Year Built
2022
Leasable Area
2,176 SF
Term Remaining
±15 YRS
NOI
$170,000
Property Type
Retail
LEAD LISTING AGENT
Email
jack.kulick@matthews.com
License No.
02126798 (CA)
Direct
+1 (310) 919-5711
Mobile
+1 (760) 642-9942
INVESTMENT HIGHLIGHTS
- Listed for $2,720,000 yielding a cap rate of 6.25%.
- Strong Retail Synergy – Hobby Lobby, Taco Bell, Firehouse Subs, Discount Tire, ABC Warehouse, McDonald’s, and More.
- Newer Development – built in 2022.
- Long-term Lease of ±15 years demonstrates commitment to the site.
- Abs. NNN Lease has zero landlord responsibilities.
- Growing Operator – tenant is an actively growing franchisee with more sites set to open soon.
- Rent Increases – 10% increases every 5 years provide effective hedge against inflation.
- Valvoline is a national leader in the quick lube industry — (NYSE: VVV); Valvoline is a Publicly Traded Company With a Market Cap of $5.73 Billion and 1,900+ locations nationally.
- Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule **Consult your tax or accounting professional for more information.
- Ecommerce & Recession-Proof Investment – Quick lube sector is not heavily affected by changes in the economy.
- Heavy Traffic Volume – ±25,000 vehicles per day on Grape Rd.
- Dense Demographics – ±161,000 population in a 5-mi radius.
Broker of Record
- Kyle Matthews
- License No. RC52200195 (IN)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203