valvoline (cincinnati msa) 1321 s breiel blvd middletown ...€¦ · valvoline, founded in 1924, is...

NET LEASE OPPORTUNITY

Jimmy Goodman |Partner

847.562.8500

[email protected]

Andrew Clifford |7D Commercial RE

317.759.0070

[email protected]

CVS - PROSPECT, CT

Representative Photo


www.bouldergroup.com

Valvoline (Cincinnati MSA)

1321 S Breiel Blvd

Middletown, OH 45044


CVS - PROSPECT, CT




847.562.8500

[email protected]


317.759.0070

[email protected]


The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to

be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or

entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide

summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject

property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder

Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering

Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and

will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding

these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the

information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.


1321 S Breiel Blvd, Middletown, OH 45044

CVS - PROSPECT, CT




847.562.8500

[email protected]


317.759.0070

[email protected]


The Boulder Group is pleased to exclusively market for sale a single tenant net leased Valvoline property located within the Cincinnati

MSA. The Valvoline property is positioned just off of a heavily trafficked signalized intersection and is located approximately two

miles west from Interstate 75. The property is benefitted from its location within a dominant retail corridor that features Walmart

Supercenter, Lowe’s, Meijer, Kroger, Chase Bank, CVS, Walgreens, Kohl’s, Sears, Big Lots, Save-A-Lot, McDonald’s, and others. The

surrounding areas is densely populated with approximately 50,000 people living within a three mile radius.

There are approximately 9 years remaining on the Valvoline lease which expires February 1, 2025. The absolute triple net lease

features 1.5% annual rental escalations and three 5-year renewal options. Valvoline is a subsidiary of Ashland Inc., an American

Fortune 500 company with a market cap in excess of $6 billion. The tenant is Miami Oil Company, a franchisee with 3 locations.


Price:

Cap Rate:

Building Size:

Land Size:

Year Built:

Lease Type:

$423,265

7.75%

2,766 SF

0.37 AC

1987

Absolute Triple Net

Tenant:

Lease Commencement:

Lease Expiration:

Net Operating Income:

Rental Escalations:

Renewal Options:

Miami Oil Company

D/B/A Valvoline

February 1, 2010

February 1, 2025

$32,803

1.5% Annually

Three 5-Year

CVS - PROSPECT, CT




847.562.8500

[email protected]


317.759.0070

[email protected]


Located within the Cincinnati MSA

Approximately 9 years remaining

1.5% annual rental escalations

No landlord responsibilities

Approximately 50,000 people living within a three mile

radius of the property

Positioned approximately two miles west of I-75 (93,000

VPD)

The property is benefitted from its’ location within a

dominant retail corridor that features Walmart Supercenter,

Lowe’s, Meijer, Kroger, Chase, CVS, Walgreens, US Bank,

Sears, Big Lots, Save-A-Lot, Sears and McDonald’s.

Positioned just off of a heavily trafficked signalized

intersection

Population:

Total Households

Avg. Household Income:

1-MILE

11,437

5,016

$45,960

3-MILE

47,551

19,922

$51,938

5-MILE

79,164

31,718

$57,523


847.562.8500

[email protected]


317.759.0070

[email protected]



847.562.8500

[email protected]


317.759.0070

[email protected]


Roosevelt Blvd


847.562.8500

[email protected]


317.759.0070

[email protected]


Website: www.valvoline.com

Number of Locations: 930+

Parent Company: Ashland Inc. (S&P: BB)

2012 Revenue: $8.206 billion

Valvoline, founded in 1924, is the quick, easy, and trusted choice for drive thru oil changes

and maintenance services to help avoid costly and inconvenient breakdowns. Valvoline is the

second largest quick lube business in America and is a subsidiary of Ashland Inc. (NYSE:

ASH) which has a market cap in excess of $6 billion.

The lease is guaranteed by Miami Oil Company. Miami Oil Company is a 3 unit franchisee

that serves the Dayton and Miami Valley Area.

http://www.walgreens.com


847.562.8500

[email protected]


317.759.0070

[email protected]


Middletown is a city located in Butler and Warren counties in the southwestern part of Ohio.

The population of Middletown as of the 2010 census was 48,694. It is part of the Cincinnati-

Middletown Metropolitan Statistical Area. Middletown is roughly situated half way between

Dayton and Cincinnati which how historians state the city received its name. Interstate 75

serves as the primary north-south thoroughfare connecting Cincinnati to Dayton and

northern Ohio. Middletown is also home to a regional campus of Miami University (3000

students).

Cincinnati is located on the north side of the confluence of the Licking with the Ohio River.

The Latter forms the border between the States of Ohio and Kentucky. Cincinnati is the third

largest city in Ohio and the 65th-largest city in the United States with a population of

296,945 people at the 2010 census. The larger Cincinnati metropolitan area had a popula-

tion of 2,214,954 in 2010, making it the 28th-largest Metropolitan Statistical Area in the

United States and the largest centered in Ohio. Cincinnati is home to two major sports

teams, the Cincinnati Reds and the Cincinnati Bengals. Cincinnati is also home to 10

Fortune 500 companies including Procter and Gamble, Macy’s, and Kroger.

valvoline (cincinnati msa) 1321 s breiel blvd middletown ...€¦ · valvoline, founded in 1924, is...

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