Opelika, AL - Valvoline

Description:

• The tenant is operating under 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 fronting Pepperell Pkwy (27,300 VPD), the main retail corridor serving Opelika and the Auburn trade area
• Part of larger retail development with Del Taco, a future car wash, and another retail user on the east pad of the site
• The trade area is supported by surrounding retailers such as Walmart Supercenter, Del Taco, Planet Fitness, and more
• The multi-family units to the south will provide a steady, consistent consumer base from which to draw