Valvoline Instant Oil Change is operated by an affiliate of QAS Holdings, LLC - Valvoline’s largest U.S. franchisee with 200+ locations across Georgia, Kentucky, Indiana, and Tennessee - under an absolute NNN lease with zero landlord responsibilities, including roof and structure. The corporately guaranteed lease began as a new 15-year term in 2023 following a full conversion to the current Valvoline prototype and provides 10% rent increases every five years through the base term and two five-year renewal options. Approximately 13.0 years remain in the primary term with no termination option, no percentage rent, and no co-tenancy. Located on Crill Avenue (SR-20) at the SR-19 commercial node - Palatka’s dominant east-west retail corridor - the property sits within the Walmart Supercenter/Winn-Dixie retail concentration serving all of Putnam County and is the only Valvoline Instant Oil Change in the trade area. Offering passive, management-free income from a nationally recognized brand in a high-growth Florida market with 2.35% projected population growth within one mile over the next five years, the asset is an ideal 1031 exchange candidate.