2512 S Stoughton Rd
Madison, WI 53716
Valvoline Instant Oil Change - 6.15% CAP · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present for sale, a single tenant net-leased asset leased to a strong performing franchisee to Valvoline Instant Oil Change, located at 2512 South Stoughton Road in Madison, Wisconsin. The site has over 19 years remaining on a triple net lease, providing investors long term stability with zero landlord responsibilities. The tenant has recently made major capital contributions to bring the site to the latest prototype build out - demonstrating commitment to the location. The subject property is a top performing store for Ivy Lane Corporation, a successful 36 unit operator. Its franchisor, Valvoline Instant Oil Change (NYSE: VVV), operates more than 1,070 locations nationwide. VIOC has been around since 1986 and is the easy and trusted choice for drive thru oil changes and automotive maintenance service. Madison is the second largest city in Wisconsin and Dane County is the fastest growing county in the state. Madison is a college town and home to the University of Wisconsin-Madison, with over 43,000 students enrolled. UW-Madison, which the Center for World University Rankings recently ranked 25th globally, is a catalyst for drawing intellectual and creative human capital to the city. Madison enjoys a wealth of knowledge-based spinoff businesses in biotechnology and other high-tech industries which has led to the states lowest unemployment rate at 2.9%. Ivy Lane Corporation (Ivy) was founded in 2012 and began operations when it acquired five Valvoline Instant Oil Change stores in Iowa. In October of 2015 Ivy made a 30- store acquisition in Wisconsin & Illinois. At that time, Shannon Griffith joined Ivy Lane as Chief Operating Officer. Shannon previously served as the Director of Operations for VIOC's company owned stores in the Southern US. Ivy currently operates 36 stores across three states. Thomas Bernau currently serves as President and CEO of Ivy. Valvoline Instant Oil Change is the second-largest quick-lube chain in the US and provides convenient, fast, and reliable services to ensure the safety and performance of cars and trucks. Valvoline, Inc. is a publicly traded company listed on the New York Stock Exchange (VVV).