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Valvoline Ground Lease, Braselton, GA

Valvoline Ground Lease

Braselton, Georgia

Price $2,667,000
Cap Rate 4.50%
NOI $120,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 2,088 SF
Lot Size 1.05 Acres (45,738 SF)
Status Under Contract
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR CORPORATE GUARANTEED ABSOLUTE NNN GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» New absolute NNN ground lease to Valvoline (NYSE: “VVV” – $2.3B in revenue – 1,350+ locations)
» No landlord management, ideal for passive investors
» 10% rental increases every 5 years in primary term and extension periods offering hedge against inflation

HIGH-TRAFFIC LOCATION IN WELL POPULATED, AFFLUENT, AND GROWING RETAIL CORRIDOR
» Located on Friendship Road with excellent visibility and access to 15,800 vehicles per day in front of the property
» Convenient access to Interstate 85 (70,963 AADT)
» Average annual household income of $133,354 within a one-mile radius
» Projected average annual household income increase of 11 percent within one mile of the site in the next five years
» 86,464 residents live within a five-mile radius of the site with a projected 10 percent increase by 2026, poising Valvoline and Braselton for significant concurrent growth

CENTRAL LOCATION NEAR MAJOR EMPLOYERS, HOSPITALS AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers including, Publix, Kroger, Advance Auto Parts, AutoZone, Mavis Tires & Brakes, CVS, Waffle house, McDonald’s, and many more
» Proximity to many major employers including Petco Distribution Center, Whole Foods Distribution Center and many others
» 2.6 miles from Northeast Georgia Medical Center (134-bed, 119-acre property)
» Economically diverse Atlanta MSA market with 25-mile large trade area



Property Description

The subject property is strategically located on Friendship Road with excellent visibility and access to 15,800 vehicles per day in front of the property and convenient access to Interstate 85 with an additional 70,963 vehicles per day. The surrounding area is very affluent with an average household income of $133,354 within a one-mile radius of the property. The surrounding area is also expanding rapidly with a population of 86,464 with a projected 10 percent increase within the next five years, poising Valvoline and Braselton for significant concurrent growth.

The site is immediately surrounded by a strong mix of local and national retailers including, Publix, Kroger, Advance Auto Parts, AutoZone, Mavis Tires & Brakes, CVS, Waffle House, McDonald’s, and many more. The subject property benefits from its proximity to many of the area’s major employers including Petco and Whole Foods Distribution Center. Located 2.6 miles from Northeast Georgia Medical Center, a 119-acre hospital with 134-beds serving the greater Braselton community. The property has convenient access to the economically diverse Atlanta MSA market with a 25-mile-large trade area.

Contact Us About This Property

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