US Hwy 441 & NW 173rd St – Retail

Valvoline. is a single-tenant retail ground-lease investment at US Hwy 441 & NW 173rd St in Alachua, FL, within the US Hwy 441 / I-75 Corridor submarket. The property is 100% occupied, with a 15-year absolute net ground lease.

The property has 42,695 SF of gross leasable area and occupies a 0.58 acres site. Valvoline is operated here by a franchisee with over 250 locations nationwide. The lease provides 10% rent increases every five years, giving the buyer a defined schedule of income growth. Its absolute net structure places property responsibilities with the tenant, while the leasehold ownership interest defines the title held in the property.

The site sits at a signalized corner on US Hwy 441, minutes from the I-75 interchange. Traffic on the highway is 32,500 AADT, placing the Valvoline operation in the path of passing motorists. Wawa and Firestone are nearby, with Chick-fil-A and McDonald’s also along the corridor. For an investor, that setting connects the tenant’s auto-service business to an established mix of fuel, automotive and dining destinations.

The asking price is $1,747,600, with $90,000 in-place NOI and a 5.15% in-place cap rate. A 15 years WALT and scheduled rent increases give the buyer a clear view of the lease income profile. The combination of an occupied property, absolute net lease and signalized highway location makes this an income-focused acquisition rather than a vacancy or repositioning play. Review the Offering Memorandum in the Offering Materials for the transaction.