Absolute Net Lease | Lease features an absolute NNN lease structure with zero landlord responsibilities. |
Long-Term Leases and Commitment to Site | Valvoline recently extended the lease for an additional 10 years, showing commitment to the site. |
Corporately Guaranteed | Valvoline Inc. (NYSE: VVV); Valvoline is a publicly traded company with a market cap of $5.73 Billion. |
Situated in High Growth, Affluent Markets | Double-digit population growth in the past ten years, with an average household income of $122,532. |
Rent Increases | Lease includes strong rent increases of 1.5% annually to hedge against inflation. |
Income Tax-Free State | Washington has no state income tax. |