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1609 Ooltewah Ringgold Rd, Ooltewah, TN, 37363

Valvoline
$1,900,000

Key Information

Cap Rate
5%
Tot. SF
2,000
Lot Size
1.2 Acres
Year Built
2025
Term Remaining
±14 Yrs
Type
Retail
NOI
$95,000

Highlights

  • Brand-New Construction on Oversized ±1.20 AC Parcel – Completed in April 2025, the asset sits on a valuable oversized lot in a high-demand corridor with strong underlying land value and long-term redevelopment potential.
  • Publix-Anchored Grocery Outparcel with Dense Retail Adjacencies – Located directly across from the new Shops at Enclave (Publix, Starbucks, Jimmy John’s, Heartland Dental), and near McDonald’s, ModWash, and Circle K, with continued retail development in the immediate area.
  • Absolute NNN Ground Lease with ±14 Years Remaining – Long-term lease with zero landlord responsibilities, featuring 10% rent escalations every five years and four renewal options.
  • Corporate Guarantee from Valvoline, LLC (Rated “BB”) – Lease backed by a nationally recognized automotive brand with a global footprint and strong market presence.
  • Attractive Below-Market Rent Offering Future Upside – Current rent is below market for the corridor, providing investors with long-term potential for increased yield.
  • Proximity to High-Enrollment Schools – Surrounded by multiple schools totaling over ±4,000 students, driving consistent daily traffic and supporting retail vitality in the trade area.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203