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Valvoline Instant Oil Change 8319 Highway 146 2,000 SF 4-Star Retail Building Baytown, TX 77523 $1,942,000 ($971/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long Term, Absolute NNN Lease
  • Corporate Ground Lease
  • Incredible Access with Great Exposure
  • 10% Rental Escalations
  • Brand New Construction
  • Surrounded By National Retailers

EXECUTIVE SUMMARY

The Blue Ox Group is pleased to offer the opportunity to acquire the fee simple interest (land ownership) in an absolute NNN leased, Valvoline Instant Oil Change (“Valvoline”) investment property located in Baytown, TX. The Tenant, Valvoline recently signed a brand new, long-term, 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and each option period. This attractive rent structure and steadily growing NOI hedges against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment for the passive investor.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$1,942,000
Price Per SF
$971
Cap Rate
5.25%
NOI
$101,955
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.48 AC
Zoning
Commerical
Frontage
232’ on North Highway 146

AMENITIES

  • Signage

NEARBY MAJOR RETAILERS

Dutch Bros Coffee
United Rentals
Woodforest National Bank
LongHorn Steakhouse
Freddy's Frozen Custard & Steakburgers
Waffle House
Walk-On's
CrossFit
  • Listing ID: 34478263

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: 8319 Highway 146, Baytown, TX 77523

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