Absolute NNN Ground Lease: Tenant is responsible for the direct payment of all taxes, insurance, and maintenance associated with the property |
Corporate Guarantee: The lease is corporately guaranteed by Valvoline Inc (NYSE: VVV), providing a landlord with very secure guarantee backing the lea |
10% Rent Bumps Every 5 Years: The lease is includes 10% rent increases every 5 years and at each renewal option, enhancing returns |
Outparcel to Top Performing Walmart Supercenter: The site is positioned as an outparcel to a Walmart Supercenter, ensuring consistent customer exposur |
The Walmart behind the Valvoline ranks in the top 75th percentile nationally and top 80th percentile in the state of Indiana, per Alpha Maps |
Recent Construction: The Property was developed brand new from the ground up in 2020, providing an owner with a building that is of top-notch quality |