Gilbert, AZ 85234

Valvoline Ground Lease

Property Address

North Higley Road & East Michelle Way, Arizona, USA

Offering Summary

  • Price: $2,589,200
  • Lot Size: 1.06 Acres
  • Year Built: 2023
  • Status: Closed
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  • Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty by Valvoline (NYSE: VVV)
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2023 Construction
  • Valvoline Operates 2,100+ Service Center Locations Across North America
  • Adjacent to a Brand New U.S. Bank and Whataburger Currently Under Construction, as well as a 45,000-SF Two-Story Medical Office Currently in Development
  • Located in City Gate Marketplace, Anchored by Fry's Marketplace
  • 343,681 Residents in a Five-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
  • Households Projected to Increase More Than Eight Percent in the Immediate Area by 2027

Broker Information