Valvoline
Closed2018 Scenic Hwy N, Snellville, GA 30078
Property type
Retail
Price
$2,400,000
Building size
2,088 sf
Rentable area
2,088 SF
Year built
2019
Year renovated
Occupancy
Zoning code
Lot size
0.66 Acres
Sold/status
Sold · Date unknown
Sale price
$2400000
Property description
Franklin Street is pleased to present this newly constructed Valvoline ground lease in Snellville, Georgia. Snellville is part of the Atlanta MSA which is made up of 6.5 million residents and projected to add another 1.5 million residents over the next 15 years. The property is centrally located on the strong corridor in Snellville at a lighted intersection. Scenic Highway corridor has 55,500 VPD and is home to traffic-generating retailers including: Target, Publix, Kroger, Walmart, and Lowe's. Valvoline operates and franchises the No. 2 quick-lube chain by number of stores in the United States with more than 1,170 Valvoline Instant Oil ChangeSM centers. They have entered into a new 20-year ground lease with attractive 10% rental increases every 5 years. The opportunity allows an investor to get into a property with a long-term lease with a market-leading credit tenant.
Property highlights
- New 20-Year NNN Ground Lease with Valvoline
- Located in the Heart of Snellville's Retail District
- Excellent Visibility at a Lighted Intersection: 58,700 VPD on Scenic Hwy
- 10% Rental Increases every 5 Years throughout the Lease
- More than 1,170 Locations Nationwide
- Strong Same-Store Sales Growth
- Surrounded by National Retailers: Target, Publix, Lowe's, Walmart, Kohl's, Kroger, and TJMaxx