Valvoline - Milwaukee, WI (DARK) Price $450,000 10% Cap Rate 7 Year Lease Length

Valvoline - Milwaukee, WI (DARK) Price $450,000 10% Cap Rate 7 Year Lease Length

Summary of Salient Facts Address 8718 W Brown Deer Road, Milwaukee, WI 53224 Price / Cap $450,000 / 10% Cap Rate Rent $3,786.17 Monthly / $45,434 Annually APN 033-0381-000-4 Zoning RSF-360 Lot Size 15,246 SqFt Building Size 1,409 SqFt Year Built 1984

Tenant Summary Tenant Trade Name Valvoline Rental Increases Increases: 1.5% every year Tenant Ivy Lane Corporation 2018 $46,116 Lease Guarantor Ivy Lane Corporation 2019 2020 $46,808 $47,510 Lease Type NNN Lease. No Landlord Oligations. 2021 $48,223 Current RentRent $3,786.17 Monthly / $45,434 Annually 2022 2023 $48,946 $49,680 Roof and Structure Tenant Responsible 2024 $50,425 Lease Term 20 years Lease Commencement Date 11.10.2004 Lease Expiration Date 11.04.2024 Term Remaining on Lease 7 years. Plus Four 5-year options to renew. Options (4) 5-year options with 1.5% increase per year. If all options are taken tenancy will last unti 11.30.2044. The Tenant vacated the property in July/August 2016. They are performing on the lease and all rents are paid and continue to be paid monthly. The Tenant closed the subject property business along with one other location. This is a 47 unit franchisee with 45 open operating locations.

About Milwaukee, WI Milwaukee is the largest city in the state of Wisconsin and the fifth-largest city in the Midwestern United States. The county seat of Milwaukee County, it is on Lake Michigan s western shore. Milwaukee was the 31st largest city in the United States. Milwaukee is the main cultural and economic center of the Milwaukee metropolitan area. It is also part of the larger Milwaukee-Racine-Waukesha combined statistical area. The first Europeans to pass through the area were French Catholic missionaries and fur traders. In 1818, the French Canadian explorer Solomon Juneau settled in the area, and in 1846, Juneau s town combined with two neighboring towns to incorporate as the city of Milwaukee. Large numbers of German immigrants helped increase the city s population during the 1840s, with Poles and other immigrants arriving in the following decades. Milwaukee is known for its brewing traditions. The city is experiencing its largest construction boom since the 1960s. Major new additions to the city in the past two decades include the Milwaukee Riverwalk, the Wisconsin Center, Miller Park, an expansion to the Milwaukee Art Museum, Milwaukee Repertory Theater, and Pier Wisconsin, as well as major renovations to the UW Milwaukee Panther Arena. The under-construction Wisconsin Entertainment and Sports Center is scheduled to open in 2018. ***information gathered from the Wikipedia website:https://en.wikipedia.org/wiki/milwaukee

About Valvoline About ValvolineTM Valvoline: the company that created its first engine lubricant in 1866. Valvoline Inc. (NYSE:VVV) is a leading worldwide producer and distributor of premium branded automotive, commercial and industrial lubricants, and automotive chemicals. Valvoline ranks as the #2 quick-lube chain by number of stores and #3 passenger car motor oil brand in the DIY market by volume in the United States. The brand operates and franchises more than 1,070 Valvoline Instant Oil ChangeSM centers in the United States. It also markets ValvolineTM lubricants and automotive chemicals; MaxLifeTM lubricants created for higher-mileage engines, SynPowerTM synthetic motor oil; and ZerexTM antifreeze. Tenant Credit: About Ivy Lane Corporation Ivy Lane Corporation (Ivy) was founded in 2012 and began operations when it acquired five Valvoline Instant Oil Change stores in Iowa. In October of 2015 Ivy made a 30-store acquisition in Wisconsin & Illinois. At that time, Shannon Griffith joined Ivy Lane as Chief Operating Officer. Shannon previously served as the Director of Operations for VIOC s company owned stores in the Southern US. Ivy currently operates 34 stores across three states. Thomas Bernau currently serves as President and CEO of Ivy. Valvoline Instant Oil Change is the second-largest quick-lube chain in the US and provides convenient, fast, and reliable services to ensure the safety and performance of cars and trucks. Valvoline, Inc. is a publicly traded company listed on the New York Stock Exchange (VVV). The Tenant vacated the property in July/August 2016. They are performing on the lease and all rents are paid. The Tenant closed the subject property business along with one other location. This is a 47 unit franchisee with 45 open operating locations. ***information gathered from the Valvoline website: https://www.valvoline.com/ ***information gathered from the Ivy Lane website: http://www.ivylanecorp.com/about-us/

Aerial Map

Close Up Aerial Map

Demographics 1 Miles: 3 Miles: 5 Miles: 2010 Population 10,298 49,645 148,352 2017 Population 10,139 49,659 148,999 2022 Population 10,132 49,862 149,997 2010 Households 4,140 19,664 55,697 2017 Households 4,051 20,281 57,355 2022 Households 4,039 20,352 57,710 2017 Average Households Size 2.43 2.41 2.57 2010 Owner Occupied Housing Units 1,333 11,109 33,698 2010 Renter Occupied Housing Units 2,807 9,182 23,516 2017 Owner Occupied Housing Units 1,212 10,494 32,275 2017 Renter Occupied Housing Units 2,839 9,787 25,080

Demographics (continued) 1 Miles: 3 Miles: 5 Miles: 2017 Households by Income < $15,000 869 2,551 6,824 $15,000 - $24,999 651 2,299 6,453 $25,000 - $34,999 633 2,387 6,249 $35,000 - $49,999 705 2,917 7,903 $50,000 - $74,999 582 3,709 10,076 $75,000 - $99,999 293 2,798 7,118 $100,000 - $149,999 183 2,593 7,494 $150,000 - $199,999 102 620 2,381 $200,000+ 33 406 2,856 Median Household Income $32,438 $49,903 $52,148 Average Household Income $44,904 $63,404 $74,522 Per Capita Income $18,447 $25,925 $28,903

Property Photos