Valvoline - Ooltewah, TN (Chattanooga MSA) 1609 Ooltewah Ringgold Rd 2,000 SF Retail Building Ooltewah, TN 37363 $2,791,840 CAD ($1,395.92 CAD/SF) 4.75% Cap Rate

• The tenant recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• In fiscal year 2023, Valvoline’s network delivered approximately 27 million services to generate $1.4 billion in revenue from $2.8 billion in system-wide store sales, marking 17 years of consecutive system-wide same-store sales growth
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities - Ground Lease
• Ideal, management-free investment for a passive investor
• The subject property is located directly across the street from the newly developed Shops at Enclave, a 200,000 SF shopping center, anchored by Publix, Starbucks, Jimmy John’s, Heartland Dental, and Tropical Cafe
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the site is in close proximity to East Hamilton Middle School and High School (2,000 students), Westview Elementary (850 students), Apison Elementary School (800 students), and Apison Middle School (800 students), further increasing consumer traffic to the immediate trade area
• The asset is located at along Ooltewah Ringgold Rd, which averages 11,400 vehicles passing by daily
• Newly constructed building featuring a state-of-the-art design with high-quality materials
• The asset has excellent visibility via significant street frontage and a large pylon sign
• More than 72,000 residents and 35,000 employees support the trade area, providing a direct consumer base from which to draw
• An affluent average household income of $163,375