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10150 Wornall Rd
Kansas City, MO 64114
Valvoline Inc. - NNN - Bonus Depreciation · Retail Property For Sale
Investment Highlights
- Valvoline, Inc. Corporate (NYSE:VV) Absolute NNN Lease
- Valvoline Instant Oil Change is a Division of Valvoline Inc., One of the Leading Worldwide Marketer and Suppliers of Automotive Lubricants and Suppli
- The Subject Property is One Block from the I-435 on/off Ramps; I-435 is a Major Interstate Highway that Connects the Entire Kansas City Metro Area (14
- 25 Year Operating History at the Subject Property
- Valvoline is the Second Largest Quick-Lube Chain in the United States (2,000+ Locations) Boasting Revenues of $3.1B in 2020
- Dense, Affluent Demographics with 195,594 People and Average Household Incomes in Excess of $116,000 within a 5-Mile Radius of the Subject Property
Executive Summary
Marcus & Millichap is pleased to present for sale the fee-simple interest (ground and building) in a Valvoline Corporate absolute NNN leased property located in Kansas City, MO. The subject is an approximate 4,188-square foot, single-tenant building built in 2001 on approximately .92 acres of
land. The existing lease has 9.75 +/- years remaining and contains three, five-year renewal options with 10% rent escalations every five years.
*Speak to your CPA regarding Bonus Depreciation.
land. The existing lease has 9.75 +/- years remaining and contains three, five-year renewal options with 10% rent escalations every five years.
*Speak to your CPA regarding Bonus Depreciation.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,188 SF
Building Class
B
Year Built
1970
Price
$2,155,999
Price Per SF
$514.80
Cap Rate
5%
NOI
$107,799
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.92 AC
Parking
12 Spaces (2.87 Spaces per 1,000 SF Leased)
Frontage
140’ on Wornall Rd
Property Taxes
| Parcel Number | 48-910-09-37-00-0-00-000 | Improvements Assessment | $346,787 |
| Land Assessment | $193,536 | Total Assessment | $540,323 |
Property Taxes
Parcel Number
48-910-09-37-00-0-00-000
Land Assessment
$193,536
Improvements Assessment
$346,787
Total Assessment
$540,323
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