Valvoline 2104 Southwest Brandywine Lane, Topeka, KS Cap Rate 5.5% Topeka ( Kansas, US ) Built

$1,273,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Single Story
  • Size: 3,122 sq. ft.
  • Development Level: Built
  • Lot Size: 0.36 acres
  • Year Built: 1987

Description

Valvoline 2104 Southwest Brandywine Lane, Topeka, KS Cap Rate 5.5%

Cap Rate: 5.5%
NOI: $70,000
Building Size: 3,122 sqft
Lot Area: 0.36 acres
Lease Type: Absolute Net
Year Built: 1987
Tenancy: Single

Price: $1,273,000 USD

DESCRIPTION
CPSF is pleased to present the opportunity to acquire Valvoline in Topeka, KS. The tenant just signed a brand new, 15-year absolute NNN lease which features 10% rental increases every five years throughout the base term and at the beginning of each of the three, 5-year options. The triple net nature of the lease means the Landlord benefits from zero maintenance or expense obligations.

VALVOLINE is the 2nd largest oil change company in the United States boasting revenues of $2.353B in 2020.

THE SUBJECT PROPERTY features ample frontage along SW 21st Street and is positioned adjacent to SW Wanamaker Road, a prominent thoroughfare which runs through one of the main retail corridors in the trade area. SW Wanamaker Road is home to major national tenants including Walmart, Home Depot, Target, Hobby Lobby, Best Buy, and Kohl’s.

HIGHLIGHTS
• Corporate guaranty from Valvoline Inc.
• Valvoline 2020 revenue – $2.353B
• Strong operating history – 20+ years at this location
• New 15-year absolute NNN lease with 10% rental increases every 5 years
• Dense demographics – over 93,000 residents in a 5-mile radius.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.