10464 Highway 242
Conroe, TX 77385
Valvoline Ground Lease | Conroe · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Long-term lease to Valvoline (NYSE: “VVV” – $2.98B in revenue – 1,400+ locations)
- Absolute NNN ground lease requires no landlord management, ideal for passive investors
- 2020 construction featuring three service bays and latest Valvoline store design & concepts
- Lease guaranteed by Valvoline, Inc.
- Scheduled rental increases, providing a hedge against inflation
PROPERTY FACTS
Property Type
Office
Building Size
2,058 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,058 SF
Building FAR
0.05
Lot Size
0.98 AC
Zoning
6
Parking
15 Spaces (7.29 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,329,507 | |
| Land Assessment | $3,168,998 | Total Assessment | $7,498,505 |
