Valvoline (Cincinnati MSA) 1321 S Breiel Blvd Middletown ...€¦ · Valvoline, founded in 1924, is...
Transcript of Valvoline (Cincinnati MSA) 1321 S Breiel Blvd Middletown ...€¦ · Valvoline, founded in 1924, is...
NET LEASE OPPORTUNITY
Jimmy Goodman |Partner
847.562.8500
Andrew Clifford |7D Commercial RE
317.759.0070
CVS - PROSPECT, CT
Representative Photo
Representative Photo
www.bouldergroup.com
Valvoline (Cincinnati MSA)
1321 S Breiel Blvd
Middletown, OH 45044
NET LEASE OPPORTUNITY
CVS - PROSPECT, CT
Representative Photo
Representative Photo
Jimmy Goodman |Partner
847.562.8500
Andrew Clifford |7D Commercial RE
317.759.0070
www.bouldergroup.com
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to
be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or
entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide
summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder
Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering
Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and
will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding
these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
NET LEASE OPPORTUNITY
1321 S Breiel Blvd, Middletown, OH 45044
CVS - PROSPECT, CT
Representative Photo
Representative Photo
Jimmy Goodman |Partner
847.562.8500
Andrew Clifford |7D Commercial RE
317.759.0070
www.bouldergroup.com
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Valvoline property located within the Cincinnati
MSA. The Valvoline property is positioned just off of a heavily trafficked signalized intersection and is located approximately two
miles west from Interstate 75. The property is benefitted from its location within a dominant retail corridor that features Walmart
Supercenter, Lowe’s, Meijer, Kroger, Chase Bank, CVS, Walgreens, Kohl’s, Sears, Big Lots, Save-A-Lot, McDonald’s, and others. The
surrounding areas is densely populated with approximately 50,000 people living within a three mile radius.
There are approximately 9 years remaining on the Valvoline lease which expires February 1, 2025. The absolute triple net lease
features 1.5% annual rental escalations and three 5-year renewal options. Valvoline is a subsidiary of Ashland Inc., an American
Fortune 500 company with a market cap in excess of $6 billion. The tenant is Miami Oil Company, a franchisee with 3 locations.
NET LEASE OPPORTUNITY
Price:
Cap Rate:
Building Size:
Land Size:
Year Built:
Lease Type:
$423,265
7.75%
2,766 SF
0.37 AC
1987
Absolute Triple Net
Tenant:
Lease Commencement:
Lease Expiration:
Net Operating Income:
Rental Escalations:
Renewal Options:
Miami Oil Company
D/B/A Valvoline
February 1, 2010
February 1, 2025
$32,803
1.5% Annually
Three 5-Year
CVS - PROSPECT, CT
Representative Photo
Representative Photo
Jimmy Goodman |Partner
847.562.8500
Andrew Clifford |7D Commercial RE
317.759.0070
www.bouldergroup.com
Located within the Cincinnati MSA
Approximately 9 years remaining
1.5% annual rental escalations
No landlord responsibilities
Approximately 50,000 people living within a three mile
radius of the property
Positioned approximately two miles west of I-75 (93,000
VPD)
The property is benefitted from its’ location within a
dominant retail corridor that features Walmart Supercenter,
Lowe’s, Meijer, Kroger, Chase, CVS, Walgreens, US Bank,
Sears, Big Lots, Save-A-Lot, Sears and McDonald’s.
Positioned just off of a heavily trafficked signalized
intersection
Population:
Total Households
Avg. Household Income:
1-MILE
11,437
5,016
$45,960
3-MILE
47,551
19,922
$51,938
5-MILE
79,164
31,718
$57,523
Jimmy Goodman |Partner
847.562.8500
Andrew Clifford |7D Commercial RE
317.759.0070
www.bouldergroup.com
Jimmy Goodman |Partner
847.562.8500
Andrew Clifford |7D Commercial RE
317.759.0070
www.bouldergroup.com
Roosevelt Blvd
Jimmy Goodman |Partner
847.562.8500
Andrew Clifford |7D Commercial RE
317.759.0070
www.bouldergroup.com
Website: www.valvoline.com
Number of Locations: 930+
Parent Company: Ashland Inc. (S&P: BB)
2012 Revenue: $8.206 billion
Valvoline, founded in 1924, is the quick, easy, and trusted choice for drive thru oil changes
and maintenance services to help avoid costly and inconvenient breakdowns. Valvoline is the
second largest quick lube business in America and is a subsidiary of Ashland Inc. (NYSE:
ASH) which has a market cap in excess of $6 billion.
The lease is guaranteed by Miami Oil Company. Miami Oil Company is a 3 unit franchisee
that serves the Dayton and Miami Valley Area.
Jimmy Goodman |Partner
847.562.8500
Andrew Clifford |7D Commercial RE
317.759.0070
www.bouldergroup.com
Middletown is a city located in Butler and Warren counties in the southwestern part of Ohio.
The population of Middletown as of the 2010 census was 48,694. It is part of the Cincinnati-
Middletown Metropolitan Statistical Area. Middletown is roughly situated half way between
Dayton and Cincinnati which how historians state the city received its name. Interstate 75
serves as the primary north-south thoroughfare connecting Cincinnati to Dayton and
northern Ohio. Middletown is also home to a regional campus of Miami University (3000
students).
Cincinnati is located on the north side of the confluence of the Licking with the Ohio River.
The Latter forms the border between the States of Ohio and Kentucky. Cincinnati is the third
largest city in Ohio and the 65th-largest city in the United States with a population of
296,945 people at the 2010 census. The larger Cincinnati metropolitan area had a popula-
tion of 2,214,954 in 2010, making it the 28th-largest Metropolitan Statistical Area in the
United States and the largest centered in Ohio. Cincinnati is home to two major sports
teams, the Cincinnati Reds and the Cincinnati Bengals. Cincinnati is also home to 10
Fortune 500 companies including Procter and Gamble, Macy’s, and Kroger.