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

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

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
Michael Brewster
Director, Capital Markets
License details
FL-SL3280018
Brad Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216

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Last Updated Date: 07 Aug 2020

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