Valvoline-Leased Auto Service
For Sale
Contact for pricing
700 Broadway Ave E, Mattoon, IL 61938
Fee-simple interest offered in a new long-term Valvoline ground lease with corporate guarantee.
Days on Market360
Property Features for 700 Broadway Ave E
General Information
Standard status
Active
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
Goodman Real Estate
(216) 342-9305
Listed By:
Kyle Hartung · License #SAL.2003016343
Source:
Moodyscre
Added: Aug 5, 2025
Changed: Jul 22
Last Checked: Jul 22 at 11:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goodman Real Estate
Investment Insights
Based on property information with market context.
For sale is the fee simple interest in a brand new, long-term corporate lease with Valvoline in Mattoon, Illinois. The lease is corporately guaranteed (NYSE: VVV) and includes a firm 15-year term with options. The structure provides 10% increases every 5 years during the initial term and options. The lease is structured as a ground lease, with Valvoline responsible for all maintenance, repairs, and replacements.
The facility is located adjacent to Dunkin Donuts and directly in front of the Cross County Mall. The shopping center includes Rural King, Dunham’s, Marshall’s, and Joann.
Valvoline’s new prototypical facility is positioned to serve the Mattoon retail and service destination for the Mattoon–Charleston Micropolitan Statistical Area.
The facility is located adjacent to Dunkin Donuts and directly in front of the Cross County Mall. The shopping center includes Rural King, Dunham’s, Marshall’s, and Joann.
Valvoline’s new prototypical facility is positioned to serve the Mattoon retail and service destination for the Mattoon–Charleston Micropolitan Statistical Area.
Key Highlights
- Fee‑simple interest for sale in a brand new long‑term Valvoline ground lease in Mattoon, Illinois.
- Lease includes a corporately guaranteed term with a firm 15‑year base term plus options (NYSE: VVV).
- Rental increases of 10% every 5 years during the initial term and options.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61938, IL
20,768
Population
10,299
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
126.5 sq mi
ZIP Area
164
Density / Sq Mi
$54,288
Median Household Income
$39,651
Median Earnings
$771
Median Rent
$109,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Fee-simple interest offered in a new long-term Valvoline ground lease with corporate guarantee.
Where is this auto shop located?
The property is located at 700 Broadway Ave E Mattoon, IL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Fee‑simple interest for sale in a brand new long‑term Valvoline ground lease in Mattoon, Illinois.; Lease includes a corporately guaranteed term with a firm 15‑year base term plus options (NYSE: VVV).; Rental increases of 10% every 5 years during the initial term and options.
