About the Investment

• Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities | The property is subject to a long-term absolute triple-net lease with zero landlord responsibilities, offering a future landlord with a completely passive investment.
• 20-Year Lease | Approximately 20 Years Remaining | Four, Five-Year Options | The property is subject to a long-term 20-year lease with approximately 20 years of lease term remaining. The tenant has four, five-year options remaining, bringing the potential remaining lease term to 40+ years.
• Rental Increases Of 2.00% Annually Beginning In Year 7 | The lease of the subject property features rental increases of 2.00% annually beginning in Year 7 of the lease and continuing into each of the four, five-year options of the lease.
• 2023 New Construction | Tenant Retrofitted The Existing Space In 2025 To Fit Their Needs | 1.36- Acre Lot | 3,200 Square-Foot Building | Three Bays | The property is a 2023 new construction oil change shop that the tenant reimaged in 2025 to better fit their needs. This 3,200 square-foot building is situated on a 1.36-acre parcel.
• Lease Guaranteed By Interstate Auto Care Holdings, LLC | Leading Franchisee In The Valvoline Instant Oil Change System | 28+ Locations Across The Northeast & South With Another Under Construction | 31 Operational Sites Projected By May 2025 | Recent Private Equity Investment In 2024 | ICV Partners Acquired Significant Ownership Interest | Opportunity For Future Credit Enhancement | The lease of the subject property is guaranteed by Interstate Auto Care Holdings, LLC, one of the leading franchisees in the Valvoline Instant Oil Change System with 28 locations along with another under construction. In late 2024, ICV Partners acquired a significant ownership in the firm to help accelerate the franchisee's aggressive growth plan.