St Johns, FL - Valvoline

Description:

• The tenant just signed a 15-year lease with 4 (5-year) options to extend
• Guaranteed lease by QAS Holdings, LLC, Valvoline’s largest franchisee, with over 165 locations across 13 states
• In 2022, Carousel Capital made a significant investment in QAS Holdings to fuel continued growth of the franchisee’s operation
• Click HERE for the full article
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflationF
• The newly-constructed building features a state-of-the-art design with high-quality materials

• The asset is next to a Publix anchored center, further providing consumer traffic in the trade area
• The subject property is ideally located in a dense retail corridor with a handful of nearby national/credit tenants including Starbucks, Walmart Supercenter, CVS, The Home Depot, ALDI, and more
• The site benefits from nearby on & off ramp access to Interstate 95, a major thoroughfare serving the east (118,000 VPD)
• The property is located along County Rd. 210 (16,500 VPD)
• The asset has excellent visibility and multiple points of ingress/egress

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000001zoiTYAQ