Valvoline Instant Oil Change
Valvoline bought Breeze Autocare (~200 stores) in December 2025 with a $740M term loan, so Moody's moved its Ba2 outlook to negative. Corporate-signed leases are the strongest; franchisee-signed sites depend on the operator.
- US units
- 2,409
- Q2 FY2026 (system-wide)
- 3Y net growth
- +35.0%
- vs. FY2022 (approx.)
- Credit rating
- Ba2
- Sub-investment grade
- Typical term
- 15-20 yr
- Absolute NNN
- Model
- Mixed
- Public
Unit count
Valvoline Instant Oil Change in the news
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Valvoline Instant Oil Change net lease FAQ
What is Valvoline Instant Oil Change's credit rating?
Valvoline Instant Oil Change is rated Ba2 (Moody's), which is below investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Valvoline Instant Oil Change locations are there in the US?
Valvoline Instant Oil Change reported about 2,409 US locations as of Q2 FY2026 (system-wide). That is +35.0% versus 1,785 in FY2022 (approx.).
What does a typical Valvoline Instant Oil Change net lease look like?
Lease type: Absolute NNN. Initial term: 15-20 yr. Rent increases: 7.5-10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Valvoline Instant Oil Change corporate or franchised?
Operating model: Mixed. Valvoline Instant Oil Change is part of Valvoline Inc.. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.