Tenant: Valvoline | Waynesboro, VA
Premises: 1,700 SF
Renewal Options: 3 x 5 Years
Lease Expiration: 7/31/2033
Lease Type: Absolute NNN Ground Lease
Rental Increases: 10% Every 5 Years & At Options
We Are Pleased to Offer For Sale the Valvoline Absolute NNN Ground Lease Investment Opportunity Located at 601 Shenandoah Village Drive in Waynesboro, Virginia.
The company was established in 1866, making its heritage span over 150 years, during which it has developed powerful brand recognition across multiple product and service channels. Valvoline Inc, is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. The highly trusted brand ranks as the No. 3 passenger car motor oil brand in the DIY market by volume and the No. 2 quick-lube chain by number of stores in the United States.
In the United States and Canada, their products are sold to consumers through over 30,000 retail outlets, to installer customers with over 12,000 locations, and to approximately 1,400 Valvoline branded franchised and company-owned quick lube stores. They serve their customer base through an extensive sales force and technical support organization, allowing them to leverage the technology portfolio and customer relationships globally, while meeting customer demands locally. Valvoline is best known for its lubricants. The company also markets a number of other brands, including ZerexTM antifreeze and MaxLifeTM products created for higher-mileage engines. Valvoline also has a stake in the quick-lube market with its Valvoline Instant Oil ChangeSM unit, the second largest quick lube chain in the U.S. with some 930 service centers.