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32295304
32295311

670 W Ray Rd, Gilbert, AZ 85233

HD
AZ SA704485000
Matthews
AD
AZ SA705467000, CA 02087057
Matthews
Listed by Matthews
$1,485,000
53 days on market
Updated 15 days ago

Valvoline

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 2,512
Cap Rate 4.85%
NOI $72,000
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 02/29/2040
Rent Bumps Yes
Lease Options Three, 5 Year Options
Year Built 1999
Year Renovated 2025
Acreage 0.440
Investment Type Net Lease
Lease Commencement 02/27/2025
Ground Lease No
Ownership Fee Simple

Low Price Point | Fee Simple | ±13.8 Years Remaining | 2025 Renovation

Marketing description

Valvoline is a leading provider of automotive preventive maintenance services, operating one of the largest quick-lube service networks in North America. With a brand history spanning over 150 years, Valvoline has built a strong reputation for reliability, convenience, and high-quality vehicle care. The company specializes in quick oil changes and a comprehensive suite of maintenance services, serving millions of customers annually through its growing network of company-owned and franchised locations. Valvoline's strong brand loyalty, streamlined operating model, and consistent performance make it a stable and attractive tenant in the automotive service sector.

Investment highlights

  • Brand New 15-Year Lease & Renovation - Features a 2025 lease execution with just under 14 years remaining. The tenant fully renovated the facility prior to opening, showing a deep financial commitment to the site.
  • Below Market Rent - Rental rate is below the market average for an automotive asset, providing long term security and maximizing tenant profitability.
  • Absolute Triple Net (NNN) Lease Structure - A passive, "hands off" investment with zero landlord responsibilities. The tenant covers all taxes, insurance, maintenance, and repairs including the roof and structure.
  • Low Price Point - Offered at a significantly lower entry price than typical Valvoline assets in the Phoenix MSA, providing an accessible basis in a high-demand market.
  • Fee Simple Ownership - Includes ownership of both the building and land, allowing for full depreciation and advantages not found in ground lease structures.
  • Built in Rent Increases - 10% Rent Increases Every 5 Years to provide a definitive hedge against inflation and compounding rent growth.
  • Highly Trafficked Intersection - Positioned just East of the W Ray Rd & S Cooper Rd intersection, capturing a combined count of ±45,205 VPD.
  • Exceptional Trade Area Demographics - A surrounding 1-Mile Household Income is $160,654 and $137,881 within a 5-Mile Radius. The 3-Mile population is ±132,238 and ±333,900 in a 5-Mile.
  • Strategic Freeway Proximity - The property sites just ±2.5 Miles East of Loop 101 (±176,270 VPD) and ±2.7 Miles North of Loop 202 (±165,562 VPD).
  • Synergy with National Retailers - Surrounded by "daily needs" traffic drivers such as Safeway, EOS Fitness, Chevron, and Jack in the Box.

Listing Contacts

HD
AZ SA704485000
Matthews
AD
AZ SA705467000, CA 02087057
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$72,000.00
$6,000.00/mo

Valuation Metrics

0
DSCR
4.85%
Cap Rate
4.85%
ROI

Map

Zoning

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CC CommercialRetail CommercialCommunity Commercial
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Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
David Harrington
License
BR715518000, CO701910000 (AZ)
Title
Broker of Record
Name
Hudson DeJean
License
SA704485000
Name
Alex DeSoto
License
SA705467000
Brokerage
Matthews Real Estate Investment Services
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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