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Valvoline - East Texas Valvoline - East Texas
TX

Offering
Stirling Properties is pleased to present for sale the fee simple interest in a portfolio of fIfteen single tenant freestanding Valvoline Instant Oil Change locations located in markets throughout East Texas. These locations offer a long operating history and are located on strong retail corridors with great visibility and easy ingress and egress. The properties can be purchased as a portfolio or individually.

 

Tenant Summary / Corporate Guaranty
Valvoline Inc. (NYSE: VVV) is a leading worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants, and automotive chemicals. Valvoline ranks as the #2 quick-lube chain by number of stores and #3 for passenger car motor oil in the do-it-yourself market by volume in the United States. Valvoline operates and/or franchises approximately 1,070 Valvoline Instant Oil Change centers in the United States.

 

Absolute Net Lease/No Landlord Responsibilities
• Tenant is responsible for the payment of all property taxes and insurance.
• Tenant is responsible for maintaining its own parcel including the parking lot.
• Tenant is responsible for the roof and structure of the building.

 

Lease Highlights
• 10 year primary term with 4-5 year renewal options
• Lease commencement is February 1, 2017 and expires January 31, 2027
• Beginning in lease year 4 (February 1, 2020), 1.5% annual rent increase throughout the remainder of the term including renewal options.

Highlights

For Sale
Type: Retail - Commercial
Metro Area: Tyler

Contact

Beezie Landry
109 Northpark Boulevard, Suite 300
Covington, LA 70433
p.  985-246-3781

Stacy Odom
425 Ashley Ridge Boulevard, Suite 116
Shreveport, LA 71106
p.  318-703-2362
c.  318-560-6487
f.   318-703-2392

Karen McElroy, CCIM
425 Ashley Ridge Boulevard, Suite 116
Shreveport, LA 71106
p.  318-703-2363
f.   318-703-2393

 

Valvoline - East Texas

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Valvoline - East Texas

Valvoline - East Texas