For sale to qualified investors is the fee simple interest in a brand new, long-term corporate lease with Valvoline in Hillsboro, Ohio. The corporately guaranteed lease (NYSE: VVV) features a firm 15 year term plus options, and provides the buyer with 10% increases every 5 years during the initial term and options. This will act as a hedge against inflation and provide future value and revenue growth for the investor. Structured as a ground lease, Valvoline is responsible for all maintenance, repairs, and replacements, rendering this asset as “hands-off” to the investor. With base rent years 1-5 only $60,000 per year and corresponding price of $1,062,000, this allows the investor to acquire the property with a low basis compared to other Valvolines on the market. The new prototypical facility is located directly in front of a regional shopping center featuring Rural King and Dunham’s Sports, both the dominant tenants in their respective categories drawing clientele from a 15+ mile radius. Adjacent to the property is the Highland District Hospital acute care facility, which serves the entire county and beyond.

Hillsboro is the county seat of Highland County, Ohio, and is located approximately 35 miles west of Chillicothe and 50 miles east of Cincinnati. Officially situated in Southwestern Ohio, Hillsboro finds itself in the center of one of the economic and cultural hubs of the state. Whereas Chillicothe to the east is full of Native American history from the days of Tecumseh, and Cincinnati has become one of the three major drivers of commerce in the state, residents of Hillsboro have been able to capitalize on their lower cost of living by attracting residents and employees desiring a slower pace of life with access to everything the region has to offer. Because of this, Hillsboro has become home to many companies including Hobart, PAS Technologies, Weastec, Seal Tite, Pike Natural Gas Company, and others. Additionally, Southern State Community College is located in the northern portion of the city.