Northbrook, IL – November 29, 2016 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Valvoline property located at 1321 South Breiel Boulevard in Middletown, Ohio for $360,000.
The Valvoline property is positioned just off of a heavily trafficked signalized intersection and is located approximately two miles west from Interstate 75 within the Cincinnati MSA. 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.
There are over 8 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.