Huntsville, AL - Valvoline

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN leased, newly built, corporate signed, Valvoline investment property located in Huntsville, AL. The tenant, Valvoline LLC, recently signed a brand new 15-year lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN leased with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1866, Valvoline is among the leading automotive service centers in the world with over 1,500 locations. The building, which is slated to open in Fall of 2023, will feature a state-of-the-art design using the highest quality materials available.

Valvoline is strategically located along Winchester Road NE with clear visibility and access to an average of 21,500 vehicles passing by daily. The asset is a quick 13-minute drive into Downtown Huntsville, making it an ideal and centralized location with direct access to major commuter routes and interstates. Valvoline is ideally situated as an outparcel to a Walmart anchored center and is directly across from Winchester Plaza, a 75,700 SF center anchored by Publix. The additional surrounding national/credit tenants include Dollar Tree, ALDI, Starbucks, O’Reilly Auto Parts, CVS Pharmacy, and McDonald’s, among many others. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the property is near numerous single-family communities, providing a direct residential consumer base for the site. The 5-mile trade area is supported by over 33,900 residents and 8,400 daytime employees. Residents within 1 mile of the subject boast an affluent average household income of $123,657.