|Last Updated Date||31 Jul 2020|
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.
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.