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10464 Highway 242
Conroe, TX 77385

Valvoline Ground Lease | Conroe · Office Property For Sale

Investment Highlights

  • Long-term lease to Valvoline (NYSE: “VVV” – $2.98B in revenue – 1,400+ locations)
  • Absolute NNN ground lease requires no landlord management, ideal for passive investors
  • 2020 construction featuring three service bays and latest Valvoline store design & concepts
  • Lease guaranteed by Valvoline, Inc.
  • Scheduled rental increases, providing a hedge against inflation

PROPERTY FACTS

Property Type
Office
Building Size
2,058 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,058 SF
Building FAR
0.05
Lot Size
0.98 AC
Zoning
6
Parking
15 Spaces (7.29 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5727-91-00600
  • 5727-91-00200
Land Assessment
$2,981,130
Improvements Assessment
$0
Total Assessment
$2,981,130
  • Listing ID: 25873357

  • Date on Market: 6/7/2022

  • Last Updated:

  • Address: 10464 Highway 242, Conroe, TX 77385

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