BRAND NEW 15-YEAR NNN GROUND LEASE This is a brand new 15-year NNN ground lease featuring 10% rent bumps every 5 years and in each of the four 5-year options to renew.
ZERO LANDLORD OBLIGATIONS Valvoline’s NNN lease structure means the tenant handles property taxes, insurance, and maintenance. This eliminates the need for the landlord to manage these aspects, making it a truly hands-off investment.
INDUSTRY LEADING TENANT I CORPORATE GUARANTY The lease is guaranteed by Valvoline Inc. (NYSE: VVV), who leads the industry in automotive service innovations that simplify consumers’ lives. With an average consumer rating of 4.6 out of 5 stars, Valvoline Inc. has built the model for transparency and convenience to take the worry out of vehicle care. Valvoline ranked first among all oil change and preventive automotive maintenance brands and 27th overall among the top 500 franchise brands. The company is accelerating growth of its retail footprint, with a target to add 250 new store openings annually by 2027 with 150 of those coming from franchisees. Valvoline reported annual revenue of $1.619B in 2024, which was a 12% increase over the previous year. As of March 2025, Valvoline had a market cap of $4.219B and 127.1M shares outstanding.
PRIMARY NORTH-SOUTH ARTERIAL & RETAIL CORRIDOR SERVING NORTHERN CINCINNATI Colerain Ave. is a primary north-south thoroughfare and the primary retail corridor serving Northern Cincinnati and its suburbs. Its convenient location near two major interstates provides easy access to both residential and business communities.
10% RENT BUMPS EVERY 5 YEARS The lease includes 10% rent increases every five years and at each renewal option, enhancing investor returns and providing a hedge against inflation.
SUPERIOR DEMOGRAPHICS This location benefits from outstanding demographics. Within a 1-mile radius, the average household income surpasses $93,400, with nearly 5,000 housing units. Expanding to a 5-mile radius the population reaches 161,699, with 4,428 businesses employing over 40,400 people.
TRAFFIC COUNTS (ADT) Colerain Avenue - 45,939 Ronald Reagan Cross Country Hwy - 42,851 Interstate 275 - 87,544