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Valvoline Ground Lease, Bowling Green, KY

Valvoline Ground Lease

Price $1,700,000
Cap Rate 5.00%
NOI $85,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built Q4 2019
Building Size 2,077 SF
Lot Size .89 Acres (38,768 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN CORPORATE GROUND LEASE TO ICONIC TENANT
» Guaranteed by Valvoline LLC (NYSE: “VVV”)
» 15-year NNN corporate ground lease with 10% rental increases every five years, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an outof- area investor

STRONG INFILL LOCATION IN PROMINENT BOWLING GREEN RETAIL CORRIDOR
» 26,246 AADT directly in front of the property on Campbell Lane
» Interparcel access to Greenwood Mall (852,000 SF of retail space, 100 stores)
» Walking distance from Walmart Supercenter, Target, and Lowe’s Home Improvement
» Minutes from the largest employer in Bowling Green, Western Kentucky University (20,100+ students, 4,646 employees)
» 1.5 miles from TriStar Greenview Regional Hospital (211 beds, 1,000+ employees, $760 million in total patient revenue) and four miles from The Medical Center at Bowling Green (316 beds, 2,222 employees, $1.04 billion in total patient revenue)
» Within two miles of 16 hotels and the Sloan Convention Center
» Within five miles of Southcentral Kentucky Community and Technical College (4,200+ students), Bowling Green High School (1,200+ students), Greenwood High School (1,2000+ students, and Warren Central High School (1,000+ students)
» Surrounded by several national retail brands, including Chick-fil-A, Staples, AT&T, Five Guys, McDonald’s, Sonic Drive-In, Michaels, Kohl’s, Petco, and many more



Property Description

The property is strategically located on Campbell Lane with excellent visibility and access to 22,287 vehicles per day directly in front of the site. The property is centralized near large schools and employers and is minutes from the largest employer in Bowling Green, Western Kentucky University, which features 20,100+ students and 4,646 employees. The location is also within five miles of Southcentral Kentucky Community and Technical College (4,200+ students), Bowling Green High School (1,200+ students), Greenwood High School (1,200+ students), and Warren Central High School (1,000+ students).

The site is 1.5 miles from TriStar Greenview Regional Hospital (211 beds, 1,000+ employees, $760 million in total patient revenue) and four miles from Bowling Green’s The Medical Center at Bowling Green (316 beds, 2,222 employees, $1.04 billion in annual total patient revenue). The location also benefits from its interparcel access to Greenwood Mall, which features 852,000 SF of retail space and 100 stores, including anchors Dillard’s, Belk, and JCPenney. The site is within walking distance of Walmart Supercenter, Target, and Lowe’s Home Improvement. Other national retail brands near the property include Chick-fil-A, Staples, AT&T, Five Guys, McDonald’s, Sonic Drive-In, Michaels, Kohl’s, Petco, and many more.

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