Listed by Kidder Mathews Seattle
$2,255,000
Valvoline - Yakima
Details
APN 191331-43417
Property Type Retail, Land
Sub Type Auto Shop
Square Footage 1,664
Net Rentable (SqFt) 1,664
Units 1
Cap Rate 5.10%
NOI $115,000
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Year Built 2024
Stories 1
Acreage 0.690
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Newly Constructed Valvoline in Yakima, WA | Absolute NNN Ground Lease
Marketing description
Land Kidder Mathews is pleased to present the opportunity to acquire a new construction Valvoline, strategically positioned on a signalized hard corner location in front of a high-performing Lowe's Home Improvement Store (ranked #9 in Washington State per Placer.ai data)• 0.697 Acres
Investment highlights
- 2024 Construction with 15-year absolute NNN ground lease with no landlord responsibilities
- Valvoline has over 2,000 locations in the United States and Canada with plans to expand to 3,500 locations in North America
- Prime Location – Adjacent to a top-performing Lowe’s Home Improvement store (ranked #9 in WA State per Placer.ai), driving consistent high traffic and visibility
- Exceptional Visibility & Trade Area – Situated on a signalized hard corner that receives over 26,000 VPD, in close proximity to major national retailers including Lowe’s Home Improvement, WinCo Foods and Costco
- Valvoline corporate guaranteed lease
- 10% rental increase every 5 years throughout the initial term and beginning of each option period
Listing Contacts
Listed by Kidder Mathews Seattle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,000.00
$9,583.33/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
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