New Orleans (Valvoline)
1735 St. Charles Ave., New Orleans, Louisiana
The New Orleans Valvoline Instant Oil Change Building is a single-tenant, 2,160 sq.ft. commercial building located at 1735 Saint Charles Avenue, in New Orleans, Louisiana located just 1 mile from downtown New Orleans and a 12-minute drive from the historic French Quarter.
The building is currently 100% leased to Valvoline Instant Oil Change, the second largest quick-lube chain in the United States and the third largest quick-lube change in Canada. Founded in 1986, the Valvoline quick-lube chain has grown steadily over the years. Valvoline Inc. sales increased 12% in fiscal year 2024, with system-wide same-store sales (SSS) growing 6.7%, highlighting 18 consecutive years of system-wide- sales growth. In fiscal year 2024, Valvoline added 158 net stores to the network, with over half coming from ground-up builds. The company expected to open 160 to 185 new stores in 2025. Valvoline Instant Oil Change is a division of Valvoline, Inc., (NYSE: VVV) one of the leading worldwide marketers and suppliers of automotive lubricants and supplies. The company’s products are sold in over 140 countries, and its motor oil is the third-highest selling car motor oil by volume.
The building has prime frontage on the iconic St. Charles Avenue in New Orleans’ Garden District, benefitting from exceptional visibility, strong traffic counts (29,000+VPD) and direct streetcar access. With a population of 360,000 within a 5-mile radius of the property and a daytime population of 255,353 within a 3-mile radius, it is well positioned to take advantage of its larger 3-bay concept versus Valvoline’s standard 2-bay concept.
Nearby tenants in the retail area include Houstons restaurant, Burger King, Office Depot, Cane’s, AT&T, Walgreens, Popeyes, Wendy’s, United Cab, It’s Just Wings, Home Depot, Rouses Markets, Saenger Theatre and Sherwin Williams. The Riverwalk Outlets are minutes away featuring Burlington Coat Factory, Polo Ralph Lauren, Nordstrom Rack, Coach, GAP, Famous Footwear, Guess and Kate Spade.
The building was built in 2018.
The building sits on 0.174 acres zoned MU-1, Medium Intensity Mixed-Use District.
The building is served by 6 asphalt parking spaces, including 1 ADA space, with one dedicated entrance off Polymnia Street and exit onto St. Charles Avenue.
The New Orleans MSA has a population in excess of 1 million. The property is just 1 mile from downtown New Orleans, whose driving economic force is tourism. The tourism and hospitality industry employs more than 80,000 people in the New Orleans area with 19+ million annual visitors and $10.4 billion in visitor spending in 2024. Other major industries include energy, advanced manufacturing, international trade and healthcare. The BioDistrict is a 1,500-acre economic development district focused on growing the city’s biosciences sector serving as a hub for health research, medical innovation and biotech startups, fostering economic growth and job creation. Ochsner Health is Louisiana’s largest private employer with 40,000 employees and 4,900 physicians and is in the midst of a major expansion system-wide a d a new $300million children’s hospital. LCMC Health with 15,000+ employees after acquiring Tulane hospitals plans to complete $750million in upgrades across the region by 2025. New Orleans is the home of the headquarters for Entergy Corp, a Fortune 500 company. The Port of New Orleans is one of the largest economic drivers with plans to build capacity for ultra-large container ships, adding $86.8billion in regional output by 2050 and 11,800+ jobs. It is also home to NASA’s Michoud Assembly Facility, which has built almost every rocket that has launched a human from U.S. soil for the last 60 years. The property is located in the Garden District, a National Historic Landmark famous for 19th century mansions, oak-lined streets and Victorian houses. The District covers about 0.21 square miles between St. Charles Avenue and Magazine Street. The St. Charles Avenue streetcar is often ranked among America’s most beautiful transit routes. Magazine Street is highlighted nationally as a top U.S. shopping and dining destination. New Orleans’ historic heart, the French Quarter, is known for is stunning French and Spanish colonial architecture, vibrant nightlife and rich cultural experiences such as world-class dining, live music and festivals. The French Quarter Festival has a $313million economic impact while its world-famous Mardi Gras has an $891million economic impact, generating 3.07% of the region’s GDP and $14million in tax revenue.
For more information, please contact
David Marks
Tower Investments, LLC
250 W. Main St., Suite 101
Woodland, CA 95695
(530) 668-1000 – telephone
(530) 666-5574 – facsimile
davidmarks@towerinv.com
www.towerinv.com
