NNN Leased Castrol Premium Lube Express

*The SVN Colvin Team and Easy Leasebacks present this freshly remodeled, Absolute Triple Net Leased Castrol Premium Lube Express Investment Property located in Mansfield (Ontario) Ohio. The new NNN lease is for 15 years with annual rent increases of 1.5% during the base term and both of the two 15-year renewal periods and starts December 15th. The complete building remodel conversion from Valvoline to Castrol Premium Lube Express is nearly complete. This location is expected to be a high revenue producing location per Castrol Oil's research. The Tenant, “Clean and Lube Inc.” has teamed with global brand favorite Castrol Oil Company to open over 100 Midwest Castrol Premium Lube Express locations in the next 3 years. 15 new locations will be opening this winter in Illinois and Ohio. This lease is a corporate lease, not a franchisee. This sharp-looking building is located in a busy commercial area near several auto dealerships and close to Kohl’s, CVS, Kroger and many other national retailers. There are over 60,000 people living within a five-mile radius. We will provide a recent clean environmental report and a recent ALTA Survey that will save you over $6,000 and make for an easy acquisition or 1031 exchange. This attractive investment is co-listed with Ohio Broker of Record, SVN-Ascension Commercial Realty.