Marietta, GA - Valvoline

Description:

• The tenant just signed a 15-year lease with 4 (5-year) options to extend
• Corporate lease signature from Valvoline, LLC
• The lease features rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• The newly-constructed building features a state-of-the-art design with high-quality materials

• The asset is located at the signalized, hard corner intersection of East-West Connector and Powder Springs Rd which combined average 58,200 VPD
• The subject property is an outparcel to a Lidl
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Home Depot, Lowe’s, Target, Taco Bell, McDonald’s, Kohl’s, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the asset is in close proximity to Wellstar Cobb Medical Center (387 beds) increasing consumer traffic to the immediate trade area