Nick H. Pass314.833.7389

nick@iebrealestate.com

Valvoline555 W 5th Street | Eureka, Missouri

314.833.4388iebrealestate.comSaint Louis, Missouri

Disclaimer

IEB Real Estate, LLC (the “Company”) prepared this memorandum (“Memorandum”) solely from documents and information (the “Materials”) provided to the Company by the seller of the subject property (the “Property”). The Company has not conducted an independent investigation of the facts contained in the Materials or the Property, has no knowledge of the accuracy or truthfulness of the facts contained in the Materials, makes no warranty regarding the accuracy or truthfulness of any information disclosed in the Materials, and disclaims any liability with respect to any inaccuracies or misinformation contained in the Materials. Furthermore, the Company is not aware of any adverse material fact respecting the seller or the Property, [except for those facts expressly disclosed in this Memorandum.] Prospective buyers will have the opportunity to obtain additional information regarding the facts contained in the Materials and disclosed in this Memorandum during the due diligence period.

IEB Real Estate is pleased to present for sale this corporately guaranteed Valvoline, located in Eureka, Missouri. Valvoline recently executed its first

renewal option, which increased the term to 5.5 years.

Asking Price: $800,000 Building Size: 3,371 Square FeetNOI: $50,000 Land Size: .65 AcresCap Rate: 6.25% Lease Term: 5.5 Years

ValvolineOverview

Lease Type: NNN – No Landlord ResponsibilitiesLease Guarantor: Valvoline Corporate

Lease Expiration Date: 2/28/2024Lease Options: 2, 5-Year

Rent Escalations: $5,000 in each option

Annualized Operating DataRent Increases

Year 1-5Year 6-10

Year 11-15

Year 16Year 17Year 18Year 19Year 20

Year 21Year 22Year 23Year 24Year 25

Year 26Year 27Year 28Year 29Year 30

Annual Rent

$35,000$40,000$45,000

$50,000$50,000$50,000$50,000$50,000

$55,000$55,000$55,000 $55,000$55,000

$60,000$60,000$60,000$60,000$60,000

Option 1 (Extended)

Option 2

Monthly Rent

$2,916.67$3,333.33$3,750.00

$4,166.67$4,166.67$4,166.67$4,166.67$4,166.67

$4.583.34$4.583.34$4.583.34$4.583.34$4.583.34

$5,000$5,000$5,000$5,000$5,000

Valvoline has been operating out of this location for the past 15 years, and executed its option to extend for an additional 5 years in July 2018. The site is located near several national retailers including McDonald’s, Culver’s, US Bank, Arby’s, and Burger King, to name a few.

Option 3

ValvolineLease

Saint Louis County Unemployment Rate

Eureka Population

ValvolineDemographics

ValvolineEureka, Missouri

Eureka, Missouri is a suburb of Saint Louis, and is part of Saint Louis County. Saint Louis metropolitan area is home to over 2,795,000 residents and is the 21st largest metropolitan area in the country.

Eureka is located along Interstate 44, which is one of the main East-West thoroughfares in the area. Over the past 40+ years the population has been on a steady rise, and the local economy continues to grow.

Eureka is home to an award winning public school system, Rockwood School District. Rockwood School District is the recipient of the Distinction in Performance Award, by the Missouri Department of Elementary and Secondary Education, and a Gold Medal from Expansion Management Magazine. Eureka is also home to one of St. Louis County’s largest attractions: Six Flags-St. Louis. Six Flags has an annual average attendance of over 1,215,000 per amusement park.

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. Established in 1866, Valvoline's heritage spans over 150 years, during which it has developed powerful brand recognition across multiple product and service channels. The highly trusted brand ranks as the No. 3 passenger car motor oil brand in the DIY market by volume, the No. 2 quick-lube chain by number of stores in the United States and the No.3 quick-lube chain by number of stores in Canada.

The company operates and franchises more than 1,140 Valvoline Instant Oil ChangeSMcenters in the U.S. and more than 70 Great Canadian Oil Change locations in Canada. It also markets Valvoline lubricants and automotive chemicals, including the new Valvoline™ Modern Engine Full Synthetic Motor Oil, which is specifically engineered to protect against carbon build-up in Gasoline Direct Injection (GDI), turbo and other engines manufactured since 2012; Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles; Valvoline Synthetic motor oil; and ZerexTMantifreeze

ValvolineTenant Overview

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