VALVOLINE

Bonus Depreciation – The subject property qualifies for bonus depreciation (discuss with a tax professional)
Long-Term Lease – 20-year original lease with ±6.75 years remaining
Early Lease Extension – Tenant extended their lease early adding an additional 8-year of lease term
Absolute NNN Lease – Zero landlord responsibilities
Annual Rent Increases – 1.5% annual rent escalations, providing steady income growth
Extension Options – Four, 5-year renewal options, all of which include 1.5% annual rent increases
Affluent Location – Waukesha, WI has an average household income of $117,257 annually
Growing Population – 5-mile population exceeds more than 123,551 residents and the population is expected to grow by 3.52% over the next 5-years
High Traffic Area – Strategically positioned at the intersection of E Main Street and E Moreland Blvd, which sees combined traffic counts of ±55,000 vehicles daily
Strong Economic Area – Waukesha offers a stable economy, strong employment rates, and an increasing population, making it a desirable investment market
Retail Corridor Presence – Close proximity to national retailers, restaurants, and service providers, enhancing customer traffic
National Brand Recognition – Valvoline is a well-known leader in the quick service oil change industry
Strong Franchisee – Ivy Lane Corporation is the second largest Valvoline Franchisee with 41 locations in Wisconsin, Iowa, and Illinois
Essential Business – Automotive maintenance services are considered an essential industry, providing resilience during economic downturns

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Broker of Record

Matt Fitzgerald