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Valvoline 2811 W Raleigh Road Pky 2,182 SF Retail Building Wilson, NC 27896 $1,339,000 ($613.66/SF) 5.50% Cap Rate
Investment Highlights
- STABLE LONG-TERM ABSOLUTE NNN LEASE
- DENSE RETAIL CORRIDOR — OVER 1.6MSF OF RETAIL WITHIN 1 MILE
- SECOND LARGEST VALVOLINE FRANCHISEE — STRONG CREDIT GUARANTY
Executive Summary
STABLE LONG-TERM ABSOLUTE NNN LEASE
- Absolute NNN lease — Zero Landlord Responsibilities
- 12-Year base term with three renewal options (1 x 3 Years and 2 x 5 Years) extending total potential term to 25 years
- 7.5% rental escalations every 5 years in both base term and option periods
- Lease commenced August 2025
SECOND LARGEST VALVOLINE FRANCHISEE — STRONG CREDIT GUARANTY
- Guaranteed by QAS Holdings, LLC — the second largest Valvoline franchisee in the United States with 200+ operating locations
- Demonstrates significant operational scale and financial strength
- Needs-based automotive service category provides recession-resilient cash flow
DENSE RETAIL CORRIDOR — OVER 1.6MSF OF RETAIL WITHIN 1 MILE
- Site is strategically positioned within a dense retail corridor featuring over 1.6 million square feet of retail space within one mile of the subject property
- Proven co-tenancy with national anchors driving consistent consumer traffic
- Raleigh Road Pkwy West is one of Wilson's primary commercial thoroughfares
STRONG TRAFFIC VOLUME
- 22,000 VPD of traffic along Forest Hills Road NW and 28,000 VPD on Raleigh Road Parkway ensure consistent customer visibility and accessibility
- High-frequency traffic pattern well-suited to Valvoline's quick-service oil change model
- Located 46 miles from Raleigh, NC — the region's primary MSA and employment hub with a major 1031 exchange buyer pool
NATIONAL AUTOMOTIVE MARKET STRENGTH
- The U.S. vehicle fleet reached a record 14.1-year average age in 2024, driving 30–40% higher maintenance spend on older vehicles
- Valvoline services 20M+ annual visits across 1,800+ locations
- The broader automotive aftermarket surpassed $460B in 2024 and is projected to exceed $560B by 2028
WILSON, NC TRADE AREA DEMOGRAPHICS
- Trade area population of 55,324 within 5 miles with average household income of $72,101
- 3-mile population of 37,968 with AHHI of $72,840
- Wilson is located 46 miles from Raleigh, NC, providing access to one of the fastest-growing metros in the Southeast
BONUS DEPRECIATION ELIGIBLE
- Valvoline's personal property classification allows investors to accelerate tax deductions and maximize early returns
- Absolute NNN lease — Zero Landlord Responsibilities
- 12-Year base term with three renewal options (1 x 3 Years and 2 x 5 Years) extending total potential term to 25 years
- 7.5% rental escalations every 5 years in both base term and option periods
- Lease commenced August 2025
SECOND LARGEST VALVOLINE FRANCHISEE — STRONG CREDIT GUARANTY
- Guaranteed by QAS Holdings, LLC — the second largest Valvoline franchisee in the United States with 200+ operating locations
- Demonstrates significant operational scale and financial strength
- Needs-based automotive service category provides recession-resilient cash flow
DENSE RETAIL CORRIDOR — OVER 1.6MSF OF RETAIL WITHIN 1 MILE
- Site is strategically positioned within a dense retail corridor featuring over 1.6 million square feet of retail space within one mile of the subject property
- Proven co-tenancy with national anchors driving consistent consumer traffic
- Raleigh Road Pkwy West is one of Wilson's primary commercial thoroughfares
STRONG TRAFFIC VOLUME
- 22,000 VPD of traffic along Forest Hills Road NW and 28,000 VPD on Raleigh Road Parkway ensure consistent customer visibility and accessibility
- High-frequency traffic pattern well-suited to Valvoline's quick-service oil change model
- Located 46 miles from Raleigh, NC — the region's primary MSA and employment hub with a major 1031 exchange buyer pool
NATIONAL AUTOMOTIVE MARKET STRENGTH
- The U.S. vehicle fleet reached a record 14.1-year average age in 2024, driving 30–40% higher maintenance spend on older vehicles
- Valvoline services 20M+ annual visits across 1,800+ locations
- The broader automotive aftermarket surpassed $460B in 2024 and is projected to exceed $560B by 2028
WILSON, NC TRADE AREA DEMOGRAPHICS
- Trade area population of 55,324 within 5 miles with average household income of $72,101
- 3-mile population of 37,968 with AHHI of $72,840
- Wilson is located 46 miles from Raleigh, NC, providing access to one of the fastest-growing metros in the Southeast
BONUS DEPRECIATION ELIGIBLE
- Valvoline's personal property classification allows investors to accelerate tax deductions and maximize early returns
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,182 SF
Building Class
B
Year Built
2009
Price
$1,339,000
Price Per SF
$613.66
Cap Rate
5.50%
NOI
$73,650
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.49 AC
Zoning
B6 - Business
Parking
12 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
90’ on Forest Hills Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- 2,182 SF
- -
- Triple Net
- Jul 2037
Valvoline Instant Oil Change began in 1985 and built its business around quick, stay-in-your-car oil changes and preventive vehicle maintenance. The company’s services include oil changes, fluid checks and replacements, battery testing and replacement, wiper replacement, and other routine maintenance tasks. Valvoline Instant Oil Change has grown into a broad retail service network across the United States, with more than 2,100 locations listed on its official site. The business sits within the wider Valvoline brand family, which traces its heritage to the original Valvoline motor oil brand founded in 1866.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | 2,182 SF | - | Triple Net | Jul 2037 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3712-04-7531.000 | Improvements Assessment | $186,840 |
| Land Assessment | $320,166 | Total Assessment | $507,006 |
Property Taxes
Parcel Number
3712-04-7531.000
Land Assessment
$320,166
Improvements Assessment
$186,840
Total Assessment
$507,006
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Valvoline | 2811 W Raleigh Road Pky
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