Listed by Kidder Mathews Seattle
$2,620,370
Valvoline - Spokane
Details
APN 35083.1904
Property Type Retail
Sub Type Auto Shop
Square Footage 2,627
Net Rentable (SqFt) 2,989
Cap Rate 5.40%
NOI $141,500
Tenancy Single
Brand/Tenant Valvoline
Year Built 2025
Stories 1
Lot Size (SqFt) 21,256
Tenant Credit Corporate Guarantee
Ground Lease No
New Construction Absolute NNN Leased Valvoline in Spokane, WA
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire a new construction Valvoline, strategically positioned in rapidly growing Spokane, WA. This opportunity features extremely strong real estate fundamentals with a 15-year ground lease featuring no landlord responsibilities located in the 2nd largest city in Washington State.
Investment highlights
- 2025 Construction with 15-year absolute NNN ground lease with no landlord responsibilities
- Spokane is the 2nd largest city in Washington State
- 10% rental increases every 5 years throughout initial term and beginning of each option period
- Valvoline Corporate Guaranteed lease
- Valvoline has over 2,000 locations in the United States and Canada with plans to expand to 3,500 locations in North America
- Located on a signalized hard corner with over 40,000 VPD
Listing Contacts
Listed by Kidder Mathews Seattle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,500.00
$11,791.67/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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