Investment Overview
Single-tenant Valvoline Instant Oil Change on a 0.80-acre HEB outparcel along busy Sidney Baker Street, Kerrville's primary retail corridor. The tenant replaced the former Denny's with a new 2-bay store under a 15-year ground lease with four 5-year renewal options and 10% rent increases every five years. Tenant pays taxes, insurance and all maintenance, with no landlord responsibilities. Shadow anchored by River Hills Mall and a host of national retailers. For more information, please contact Brice Kelly at 512-560-3241.
Investment Highlights
- Absolute NNN ground lease - zero landlord responsibilities
- 15-year initial term plus four 5-year options
- 10% rent increases every 5 years, including options
- HEB outparcel on a major retail corridor
- 30,000+ vehicles per day on Sidney Baker Street
- Operated by Velocity Auto Care, a 50-unit Valvoline franchisee