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Valvoline 904 Boll Weevil Cir 2,000 SF Retail Building Enterprise, AL 36330 $2,010,155 CAD ($1,005.08 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- PRIME VISIBILITY & TRAFFIC VOLUME
- NATIONAL AUTOMOTIVE MARKET STRENGTH
- NEARBY PLANNED INFRASTRUCTURE AND DEVELOPMENT
EXECUTIVE SUMMARY
STRONG LEASE FUNDAMENTALS
- Absolute NNN Ground Lease with zero landlord obligations
- Long term 15 Year Lease with 7 x 5 Year option periods remaining
- 10% increases every 5 years
NATIONAL AUTOMOTIVE MARKET STRENGTH
- The U.S. vehicle fleet reached 286.5 million cars in 2024 with a record 14.1- year average age, driving 30–40% higher maintenance spend on older vehicles. Valvoline services 20M+ annual visits across its 1,800+ locations, supported by 70% repeat customers and oil-change intervals every 3–5 months
- The broader automotive aftermarket surpassed $460B in 2024 and is projected to exceed $560B by 2028 as 70%+ of drivers now rely on professional service providers rather than DIY
TIGHT RETAIL SUPPLY
- The site is an outparcel to Hobby Lobby and nestled between two national QSRs
- Traffic to this site is driven by EPark Place Shopping Center (Publix), Enterprise Shopping Center (Aldi and TJ Maxx), Walmart Supercenter & Dauphin Plaza Shopping Center
- Within a 1-mile radius there is over 800K SF of retail & 12 month net absorption sits at 99.5% with a vacancy rate of 1.8%
PRIME VISIBILITY & TRAFFIC VOLUME
- The site is positioned along Boll Weevil Circle (36,755 VPD), Enterprise’s highest-volume commercial artery, carrying over 55% of all daily vehicular traffic within the city’s primary retail district & the primary east–west bypass linking Enterprise’s fastest-growing residential neighborhoods to major employment centers
NEARBY PLANNED INFRASTRUCTURE AND DEVELOPMENT
- The city is actively investing in a 300-acre industrial park with robust accompanying infrastructure
- In 2024 Enterprise secured a $5.7 million grant under the state’s site development program (SEEDS) to prepare sites to be built on immediately
ENTERPRISE MSA
- Enterprise’s population has increased 9%+ since 2010, supported by the regional employment base tied to Fort Novosel (formerly Fort Rucker), which employs 10,000+ military and civilian personnel
- The broader Coffee County trade area reaches 65,000 residents, while Alabama’s GDP grew 13%+ over the last five years, reinforcing stable consumer demand for auto services
- Absolute NNN Ground Lease with zero landlord obligations
- Long term 15 Year Lease with 7 x 5 Year option periods remaining
- 10% increases every 5 years
NATIONAL AUTOMOTIVE MARKET STRENGTH
- The U.S. vehicle fleet reached 286.5 million cars in 2024 with a record 14.1- year average age, driving 30–40% higher maintenance spend on older vehicles. Valvoline services 20M+ annual visits across its 1,800+ locations, supported by 70% repeat customers and oil-change intervals every 3–5 months
- The broader automotive aftermarket surpassed $460B in 2024 and is projected to exceed $560B by 2028 as 70%+ of drivers now rely on professional service providers rather than DIY
TIGHT RETAIL SUPPLY
- The site is an outparcel to Hobby Lobby and nestled between two national QSRs
- Traffic to this site is driven by EPark Place Shopping Center (Publix), Enterprise Shopping Center (Aldi and TJ Maxx), Walmart Supercenter & Dauphin Plaza Shopping Center
- Within a 1-mile radius there is over 800K SF of retail & 12 month net absorption sits at 99.5% with a vacancy rate of 1.8%
PRIME VISIBILITY & TRAFFIC VOLUME
- The site is positioned along Boll Weevil Circle (36,755 VPD), Enterprise’s highest-volume commercial artery, carrying over 55% of all daily vehicular traffic within the city’s primary retail district & the primary east–west bypass linking Enterprise’s fastest-growing residential neighborhoods to major employment centers
NEARBY PLANNED INFRASTRUCTURE AND DEVELOPMENT
- The city is actively investing in a 300-acre industrial park with robust accompanying infrastructure
- In 2024 Enterprise secured a $5.7 million grant under the state’s site development program (SEEDS) to prepare sites to be built on immediately
ENTERPRISE MSA
- Enterprise’s population has increased 9%+ since 2010, supported by the regional employment base tied to Fort Novosel (formerly Fort Rucker), which employs 10,000+ military and civilian personnel
- The broader Coffee County trade area reaches 65,000 residents, while Alabama’s GDP grew 13%+ over the last five years, reinforcing stable consumer demand for auto services
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
2024
Price
$2,010,155 CAD
Price Per SF
$1,005.08 CAD
Cap Rate
5.50%
NOI
$110,524 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.98 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- 2,000 SF
- -
- May 2040
Valvoline™ a passé plus de 150 ans sous le capot à perfectionner ses lubrifiants pour améliorer la performance du véhicule. En tant que division de Valvoline, Valvoline Instant Oil Change fait partie de ce riche patrimoine. Avec des changements d'huile en environ 15 minutes et plus de 1 500 emplacements, Valvoline Instant Oil Change permettra aux clients de rester sur la route afin qu'ils restent au top de leurs activités. Grâce à leurs services d'entretien préventif, ils économiseront en moyenne 20 à 50 % de plus que la plupart des concessionnaires.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Services | 2,000 SF | - | May 2040 |
NEARBY MAJOR RETAILERS
CONTACTS
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Valvoline | 904 Boll Weevil Cir
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