The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Valvoline Instant Oil Change located at 2050 McKelvey Road in Maryland Heights, Missouri for $1,271,000.
The newly constructed Valvoline Instant Oil Change facility is strategically located along McKelvey Road, with over 14,000 vehicles passing daily, and just one-half mile from Interstate 270 (67,000 VPD). The surrounding five-mile radius is home to nearly 150,000 residents with an average household income of $111,913. Neighboring tenants include Schnucks, Ace Hardware, Walgreens, CVS Pharmacy, Dairy Queen, Chick-fil-A, Domino’s, Subway, and Circle K. The property also benefits from a vibrant mix of retail, industrial, and office tenants, including the Edward Jones Headquarters, Hollywood Casino, and World Wide Technology.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The seller was a local developer, and the buyer was a private partnership.
Valvoline Instant Oil Change, a division of Valvoline Inc., is a leading provider of quick, convenient, and reliable automotive maintenance services, specializing in fast oil changes without the need for appointments. Founded in 1986 and headquartered in Lexington, Kentucky, the company operates over 1,500 locations across the United States.
“NNN ground lease properties with strong tenants and long-term stability are highly desirable in the net lease market,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group added, “The market for Oil Change properties remains strong, as these e-commerce resistant assets offer investors stable returns driven by consistent demand for in-person automotive services.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
More info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html