Valvoline Instant Oil Change

1,421 SF | Retail Building | Sumner, WA 98390 | $2,172,192 ($1,529/SF) | 6.25% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,172,192

Property Type
Retail
Square Feet
1,421 SF
Price / Square Foot
$1,529

Listing Contacts

Gunnar Edlund
Gunnar Edlund
Verified Profile
  • Property Info

Property Overview

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Valvoline Instant Oil Change in Sumner, WA. The subject property has a brand new 10 year lease located near Seattle MSA. Valvoline acquired this location in 2017 from Oil Can Henry's with minimal oil change competition.
Cooperating Broker: Brian Brockman
Bang Realty, Inc | WA #27380
[email protected] | (513) 898-1551

Property Details

Class
C
Year Built
2010
Stories
1
Property Subtype
Vehicle Related, Freestanding, Storefront
Lot Size (sq. ft)
13,504 SF

Highlights

  • Absolute Net Lease | Lease features an absolute NNN lease structure with zero landlord responsibilities.
  • Long-Term Leases and Commitment to Site | Valvoline recently extended the lease for an additional 10 years, showing commitment to the site.
  • Corporately Guaranteed | Valvoline Inc. (NYSE: VVV); Valvoline is a publicly traded company with a market cap of $5.73 Billion.
  • Situated in High Growth, Affluent Markets | Double-digit population growth in the past ten years, with an average household income of $132,701.
  • Rent Increases | Lease includes strong rent increases to hedge against inflation of 8% increases every 5 years.
  • Income Tax-Free State | Washington has no state income tax.

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