- The tenant just signed a brand new 15-year lease with 4 (5-year) options to extend - Lease is guaranteed by Valvoline, Inc. providing exceptional tenant security and long-term income stability - Valvoline’s corporate backing substantially reduces credit risk and enhances the asset’s investment-grade quality - Lubbock is constructing a new highway named Loop 88, which will span approx. 40 miles around Lubbock County, linking US-84 NW of Lubbock to US-84 SE - The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation - The newly-constructed building features a state-of-the-art design with high-quality materials