Valvoline Instant Oil Change NNN — Ashland, OH

Updated November 4, 2026

$1,546,000 · 5.40% CAP · 15 YRS

New 2026 Valvoline Instant Oil Change at 1004 Commerce Parkway in Ashland, about 1,462 SF on 0.80 acres, on a NNN ground lease asking $1,546,000 at a 5.40% cap on $83,500 rent. Valvoline Inc. guarantees the lease. The package states a 15-year base term, four 5-year options, and 10% increases every five years, and it estimates rent will start in December 2026, so the term has not commenced. The 5.40% price is 35 basis points under a 5.75% median drawn from 196 active listings.

Lease Abstract

Price

$1,546,000

Cap rate

5.40% CAP

NOI

$83,500

Base term

15 YRS

Lease type

NNN Ground Lease

Increases

10% every 5 years

Options

4 x 5-year

Guarantee

Corporate

Building

1,462 SF

Lot

0.8 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

1,462 SF building, built 2026, 0.8 acres of land. Ground lease priced at $1,932,500 per acre. Rent increases: 10% every 5 years. Renewal options: 4 x 5-year. Corporate guarantee.

Location

Ashland, Ohio — 1004 Commerce Parkway, Ashland, OH 44805. Full address and offering memorandum released on request — see our Valvoline Instant Oil Change tenant guide and the Ohio market page for the underwriting context.