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Valvoline 904 Boll Weevil Cir 2,000 SF Retail Building Enterprise, AL 36330 $1,455,000 ($727.50/SF) 5.50% Cap Rate
Investment Highlights
- PRIME VISIBILITY & TRAFFIC VOLUME
- NATIONAL AUTOMOTIVE MARKET STRENGTH
- NEARBY PLANNED INFRASTRUCTURE AND DEVELOPMENT
Executive Summary
STRONG LEASE FUNDAMENTALS
- Absolute NNN Ground Lease with zero landlord obligations
- Long term 15 Year Lease with 7 x 5 Year option periods remaining
- 10% increases every 5 years
NATIONAL AUTOMOTIVE MARKET STRENGTH
- The U.S. vehicle fleet reached 286.5 million cars in 2024 with a record 14.1- year average age, driving 30–40% higher maintenance spend on older vehicles. Valvoline services 20M+ annual visits across its 1,800+ locations, supported by 70% repeat customers and oil-change intervals every 3–5 months
- The broader automotive aftermarket surpassed $460B in 2024 and is projected to exceed $560B by 2028 as 70%+ of drivers now rely on professional service providers rather than DIY
TIGHT RETAIL SUPPLY
- The site is an outparcel to Hobby Lobby and nestled between two national QSRs
- Traffic to this site is driven by EPark Place Shopping Center (Publix), Enterprise Shopping Center (Aldi and TJ Maxx), Walmart Supercenter & Dauphin Plaza Shopping Center
- Within a 1-mile radius there is over 800K SF of retail & 12 month net absorption sits at 99.5% with a vacancy rate of 1.8%
PRIME VISIBILITY & TRAFFIC VOLUME
- The site is positioned along Boll Weevil Circle (36,755 VPD), Enterprise’s highest-volume commercial artery, carrying over 55% of all daily vehicular traffic within the city’s primary retail district & the primary east–west bypass linking Enterprise’s fastest-growing residential neighborhoods to major employment centers
NEARBY PLANNED INFRASTRUCTURE AND DEVELOPMENT
- The city is actively investing in a 300-acre industrial park with robust accompanying infrastructure
- In 2024 Enterprise secured a $5.7 million grant under the state’s site development program (SEEDS) to prepare sites to be built on immediately
ENTERPRISE MSA
- Enterprise’s population has increased 9%+ since 2010, supported by the regional employment base tied to Fort Novosel (formerly Fort Rucker), which employs 10,000+ military and civilian personnel
- The broader Coffee County trade area reaches 65,000 residents, while Alabama’s GDP grew 13%+ over the last five years, reinforcing stable consumer demand for auto services
- Absolute NNN Ground Lease with zero landlord obligations
- Long term 15 Year Lease with 7 x 5 Year option periods remaining
- 10% increases every 5 years
NATIONAL AUTOMOTIVE MARKET STRENGTH
- The U.S. vehicle fleet reached 286.5 million cars in 2024 with a record 14.1- year average age, driving 30–40% higher maintenance spend on older vehicles. Valvoline services 20M+ annual visits across its 1,800+ locations, supported by 70% repeat customers and oil-change intervals every 3–5 months
- The broader automotive aftermarket surpassed $460B in 2024 and is projected to exceed $560B by 2028 as 70%+ of drivers now rely on professional service providers rather than DIY
TIGHT RETAIL SUPPLY
- The site is an outparcel to Hobby Lobby and nestled between two national QSRs
- Traffic to this site is driven by EPark Place Shopping Center (Publix), Enterprise Shopping Center (Aldi and TJ Maxx), Walmart Supercenter & Dauphin Plaza Shopping Center
- Within a 1-mile radius there is over 800K SF of retail & 12 month net absorption sits at 99.5% with a vacancy rate of 1.8%
PRIME VISIBILITY & TRAFFIC VOLUME
- The site is positioned along Boll Weevil Circle (36,755 VPD), Enterprise’s highest-volume commercial artery, carrying over 55% of all daily vehicular traffic within the city’s primary retail district & the primary east–west bypass linking Enterprise’s fastest-growing residential neighborhoods to major employment centers
NEARBY PLANNED INFRASTRUCTURE AND DEVELOPMENT
- The city is actively investing in a 300-acre industrial park with robust accompanying infrastructure
- In 2024 Enterprise secured a $5.7 million grant under the state’s site development program (SEEDS) to prepare sites to be built on immediately
ENTERPRISE MSA
- Enterprise’s population has increased 9%+ since 2010, supported by the regional employment base tied to Fort Novosel (formerly Fort Rucker), which employs 10,000+ military and civilian personnel
- The broader Coffee County trade area reaches 65,000 residents, while Alabama’s GDP grew 13%+ over the last five years, reinforcing stable consumer demand for auto services
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
2024
Price
$1,455,000
Price Per SF
$727.50
Cap Rate
5.50%
NOI
$80,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.98 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- 2,000 SF
- -
- May 2040
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 End | ||
|
|
Services | 2,000 SF | - | May 2040 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Contacts
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Valvoline | 904 Boll Weevil Cir
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