Valvoline

John Andreinijandreini@capitalpacific.com | (415) 274-2715 CA BRE# 01440360

rick SAnnerrsanner@capitalpacific.com | (415) 274-2709 CA BRE# 01792433

BoB SAnnerbsanner@capitalpacific.com | (415) 274-2717 CA BRE# 00869657

For more info on this opportunity please contact:

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absolute NNNvalvoline15616 McMullen highway, cumberland, Md 21502

chriS koStAneckick@capitalpacific.com | (415) 274-2701 CA BRE# 01002010

RepResentative photo

Investment Highlights15-YEAR ABSOLUTE NNN VALVOLINE LOCATED ON MAIN THOROUGHFARE IN CUMBERLAND, MARYLAND

The subject property is a freestanding absolute NNN lease with no landlord responsibilities and 2% annual rental increases.

rentABLe SF . . . . 2,760 SF

LAnd AreA . . . . . . 0.59 Acres

LeASe tYPe . . . . . . NNN

YeAr BUiLt . . . . . . 1996/2014

PRICE: $2,121,600CAP: 7.50%

ProVen concePt, ProFitABiLitY, And ABoVe AVerAGe SALeS

Increasing unit volume sales – Valvoline’s national sales average is $756,000. The subject property consistently reports over $1M in sales, which is 25% above the national average

Very experienced tenant who was the territory manager and trainer of managers for multiple states for Valvoline corporate

Over $150,000 in recent upgrades

Lease has 2 personal guaranties equating to an approximately $10 M net worth

Valvoline is the #2 quick lube brand in the United States as well as the #2 Brand Motor Oil in the US

Subject property has been operating as the same use for over 15 years (there is a clean Phase I), proving this to be a seasoned “go to” location for the community of over 20,000 residents

LeASe hiGhLiGhtS

15-year absolute net lease

2% annual rental increases

Four 5-year options with 2% rental increases

Zero landlord responsibilities

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national highway

national highw

ay Sw

Mt . Savage road nw

winchester r

oad Sw

McMullen highway Sw

68

68

68

36

51

53

ALt40

ALt40

220

220

220220

40

40

40

MARYLANDWEST VIRGINIA

MARYLAND

WEST VIRGINIA

WEST VIRGINIA

MARYLAND

WES

T VIR

GINI

AMAR

YLAN

DMARYLAND

WEST VIRGINIA

MARYL

AND

WES

T VIR

GINIA

cumberLAnDcountrY cLub

BraddockMiddle School

Bishop walsh School

washingtonMiddle School

Fort hillhigh School

center for career and technology education

coUntrY cLUB MALL

bALtImore

68

Subject property has been operating as the same use for over 15 years (there is a clean Phase I), proving this to be a seasoned “go to” location for the community of over 20,000 residents

17,450 DAILY

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Subject Property

SITUATEd ON MAIN ThOROUghFARE

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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Income & Expense

pRiCe $2,121,600

Price Per Square Foot: $806.32

Building Size (SF): 2,760

Lot Size (Acres): 0.59

Capitalization Rate: 7.50%

Year Built/Renovated: 1996/2014

staBiLiZeD inCoMe per square Foot

Rent $38.16 $159,120

Less per square Foot

Taxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses $0.00

eQUaLs net opeRatinG inCoMe $159,120

sURRoUnDinG RetaiL

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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Rent Roll

tenAnt inFo LeASe terMS rent SUMMArY

tenant name sq. Ft. Year annual Rent

Monthly Rent

Monthly Rent/Ft

Yearly Rent/Ft

Valvoline 2,760 1 $156,000 $13,000 $4.71 $56.52

Current Rent 2 $159,120 $13,260 $4.80 $57.65

3 $162,302 $13,525 $4.90 $58.81

4 $165,548 $13,796 $5.00 $59.98

5 $168,859 $14,072 $5.10 $61.18

6 $172,237 $14,353 $5.20 $62.40

7 $175,681 $14,640 $5.30 $63.65

8 $179,195 $14,933 $5.41 $64.93

9 $182,779 $15,232 $5.52 $66.22

10 $186,434 $15,536 $5.63 $67.55

11 $190,163 $15,847 $5.74 $68.90

12 $193,966 $16,164 $5.86 $70.28

13 $197,846 $16,487 $5.97 $71.68

14 $201,803 $16,817 $6.09 $73.12

15 $205,839 $17,153 $6.21 $74.58

option 1 2029-2034 2% Annual Increase

option 2 2034-2039 2% Annual Increase

option 3 2039-2044 2% Annual Increase

option 4 2044-2049 2% Annual Increase

Current totals: 2,760 $156,000 $13,000 $4.71 $56.52

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ABOUT VALVOLINE

Valvoline, a brand of Ashland Inc. (NYSE: ASh), has been serving American motorists longer than any other and is the second-largest quick-lube chain in the United States with over 900 stores nationwide and growing. Valvoline Instant Oil Change was among 30 organizations from Bahrain, Canada, India, and the United States to receive a 2012 ASTd BEST Award. The BEST Award, the training industry’s most rigorous and coveted award, recognizes organizations that demonstrate enterprise-wide success through employee learning and development. Ashland Inc. is a publicly traded company and a global leader in specialty chemical solutions for consumer and industrial markets. The company did $1.9 billion in sales in 2013 and an EBITdA of $310 million.

ABOUT FRANChISEE

The franchisee has over 10 years experience in the oil business and was previously the territory manager for Valvoline corporate for multiple states and was responsible for the training of new and existing franchisees. There are two separate personal guarantees with an approximate $10M net worth.

nUMBer oF eMPLoYeeS 100,0002014 reVenUe $3 BILLIONnUMBer oF LocAtionS 4,077

Valvoline Instant Oil Change

SECONd-LARgEST qUICk-LUBE ChAIN wITh OVER 900 RETAIL LOCATIONS

NATIONwIdE

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Area Businesses

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Washington2hour 28 Minutes135 Miles

Regional MapCumberland

MD Location

VALVoLIne

Cumberland

Pittsburgh

2hour 9 Minutes109 Miles

TRAFFIC COUNTS IN ExCESS OF

17,450 VPd ON MCMULLEN hwY

VALVOLINE

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cUMBerLAnd, Md oVerView

Cumberland is a western gateway city and seat of Allegany County, Maryland. At the 2010 census, the city had a population of 20,859, and metropolitan area had a population of 103,299.

Cumberland is a regional business and commercial center for western Maryland and Potomac highlands of west Virginia.

historically, Cumberland served as a historical outfitting and staging point for westward emigrant trail migration after the American Revolution.

Today, Cumberland is an industrial center, served by major roads, a canal connected to washington, dC, and railroads.

Cumberland’s major industries include health care, government, social services, accommodation and food services, education, finance and insurance, and manufacturing.

Sales and office occupations comprise approximately 27% of the labor force. Management and professional services comprise about 23% of the workforce. About 18% of the jobs are provided by the government.

2013 HouseHoLD Incomes

1-Mile 3-Mile 5-Mile

2010 2,554 10,269 21,8092014 2,566 10,289 21,8792019 2,550 10,241 21,815

1-Mile 3-Mile 5-Mile

Average $58,875 $56,977 $57,133Median $46,599 $43,784 $44,134

PoPuLAtIon

Employer # of Employees*western Maryland health System 2,200 Allegany Country Board of Education 1239CSx Transportation 900Allegany College of Md 800*Approximate

toP emPLoYers In cumberLAnD

Location & Demos

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John Andreinijandreini@capitalpacific.com | (415) 274-2715 CA BRE# 01440360

chriS koStAneckick@capitalpacific.com | (415) 274-2701 CA BRE# 01002010

Copyright © 2015 [Capital Pacific Real estate Brokerage Company]

rick SAnnerrsanner@capitalpacific.com | (415) 274-2709 CA BRE# 01792433

BoB SAnnerbsanner@capitalpacific.com | (415) 274-2717 CA BRE# 00869657