118 W Hanley Ave, Coeur d'Alene, ID 83815 For Sale

This dual-tenant net lease investment is anchored by two publicly traded, nationally recognized brands at 118 & 124 W Hanley Avenue in Coeur d'Alene, Idaho, positioned at the high-traffic intersection of Government Way and Hanley Avenue — one of the city's most established retail corridors.

Dutch Bros (NYSE: BROS) is the fastest-growing drive-thru beverage brand in the United States, with over 1,136 locations across 25 states and record annual revenue of $1.64 billion in 2025. The company is targeting 2,029 locations by 2029, with each shop averaging $2 million in annual sales and a 30% contribution margin. Dutch Bros has demonstrated strong commitment to this site through multiple lease renewals.

Valvoline (NYSE: VVV) is one of America's most trusted automotive service brands, backed by more than 150 years of brand heritage and a growing network of over 2,380 service centers nationwide. Valvoline's 15-minute, stay-in-your-car service model drives high-frequency repeat visits and recession-resistant demand. The company continues to aggressively expand with a stated target of 3,500+ locations.

Coeur d'Alene remains one of Idaho's fastest-growing communities, benefiting from sustained population growth, a business-friendly tax environment, and proximity to the greater Spokane metropolitan area. The property is surrounded by established national retailers, restaurants, and service destinations along the Government Way corridor.

This investment is ideal for 1031 exchange buyers, private investors, and family offices seeking stable, credit-backed passive income in a premier Northwest market.

INVESTMENT HIGHLIGHTS:

• List Price: $5,147,000

• NOI: $205,880

• Cap Rate: 4.0%

• Gross Annual Revenue: $230,217

• Total Annual Expenses: $24,337

• NNN Lease Structure

• Dutch Bros: 437 SF | Lease through 11/30/2027 | 2 options remaining

• Valvoline: 1,496 SF | Lease through 11/30/2028 | 3 options remaining

• Valvoline: 2% Annual Rent Escalations

• Maximum Lease Potential through 2043

• Lot Size: 0.61 Acres

• Year Built: 2007

• Zoning: C-17 (Commercial)

• Parcel: C00000350050

• Taxes (2025): $6,977.70