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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A


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Key Facts

Year Built 2020
Building Area
Occupancy 100.0 %
Last Updated Date 31 Jul 2020

Property Description

New 15-year corporate ground lease guaranteed by Valvoline Inc. (NYSE: VVV). Attractive 10% increases every 5 years and 12% increases in each option period. Currently under construction and low $90,000 ground rent on 0.64 acres.

Investment Highlights

Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a rare single tenant Valvoline (the “Property”) on a new 15-year ground lease located at Bermuda Square in Chester, VA — the #1 state for business in 2019. Valvoline operates over 1,300 stores to achieve sales exceeding $2.4 billion.
Michael Brewster
Michael Brewster
Director, Capital Markets
License details
Bradley Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948

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