Valvoline Instant Oil Change

1700 E. North Ave - Milwaukee WI 53202

LTV (Loan to Value)	65.00%	Current NOI	$102,895.00
Interest Rate	4.250%	Capital Rate	8.000%
Fixed Term	10 Years	Land Area	+/- 0.04 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$835,900.00	Property Type	Retail
Payment	$4,528.39	Property Lease	Automotive
Bulding Size	0 SF	Remaining Terms	+/- 17.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a Valvoline Instant Oil Change (VIOC) located in Milwaukee, Wisconsin (MSA Population: 1,569,659). Milwaukee is the largest city in the State of Wisconsin and the 31st most populous city in the United States. The property is 100% leased to VIOC with 17.5 years remaining on the absolute NNN base lease term. The property features Four (4), Five (5) year renewal options at fair market value. The subject property is strategically located along E. North Avenue which is one of four access points to East Side Milwaukee. East Side is a neighborhood of Milwaukee considered to be a cultural and trend-setting center of the city. Encompassing an area just north of downtown Milwaukee to Shorewood, bordered by the Milwaukee River and Lake Michigan, the area encompasses residences, bars, shops, art theaters, live music clubs and the University of Wisconsin–Milwaukee campus with over 27,000 students. Valvoline Instant Oil Change, based in Lexington, Kentucky, is a business unit of Valvoline, a commercial unit of Ashland Inc. (NYSE: ASH). The company currently has more than 900 centers in the U.S. with 639 franchised and 270 company-owned locations making it the second largest operation in the nation. The franchisee, Great Lakes Quick Lube, operates 31 units in Wisconsin and Illinois.

Highlights

Well-Recognized Brand – Valvoline Instant Oil Change (VIOC) operates more than 900 oil change centers across 41 US states and…

Property Description

Milwaukee is the largest city in the state of Wisconsin, the 31st most populous city in the United States, and 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2010 census data, the City of Milwaukee has a population of 594,833. Milwaukee is the main cultural and economic center of the Milwaukee–Racine–Waukesha Metropolitan Area with a population of 2,037,542 as of an official 2012 estimate. Known for its brewing traditions, major new additions to the city include the Milwaukee Riverwalk, the Wisconsin Center, Miller Park, an internationally renowned addition to the Milwaukee Art Museum, Milwaukee Repertory Theater, and Pier Wisconsin, as well as major renovations to the U.S. Cellular Arena. In addition, many new skyscrapers, condos, lofts and apartments have been constructed in neighborhoods on and near the lakefront and riverbanks.