Properties

« »
Valvoline - NW Louisiana Valvoline - NW Louisiana
Shreveport, LA

Offering
Stirling Properties is pleased to present for sale the fee simple interest in a portfolio of nine single tenant freestanding Valvoline Instant Oil Change locations located in markets throughout Northwest Louisiana.  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: Shreveport-Bossier City

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 - NW Louisiana

no image
  Available
  Coming Available
 

Valvoline - NW Louisiana

Valvoline - NW Louisiana