Jacque Haynes, CCIM of Midland Atlantic Properties recently brokered the sale of a Valvoline Instant Oil Change absolute net ground lease
Indianapolis, Indiana – Jacque Haynes, CCIM of Midland Atlantic Properties recently brokered the sale of a Valvoline Instant Oil Change absolute net ground lease located at 7125 East 96th Street, Indianapolis, IN. The site is a 2,100 square foot 3 bay Valvoline Instant Oil Change building, situated on 1.12 acres. Jacque exclusively represented the seller, Masters 96th, LLC, and the buyer, Tim Shank, was represented by Jeremie Johnson and Nathan Whalen of Marcus & Millichap.
Established in 1986, VIOC is a chain under Valvoline Inc. (NYSE: VVV) and has steadily grown to become the second largest quick lube chain in the United States. VIOC has approximately 1,400 locations throughout 46 states with over $2.4B in revenue. Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries.