Listed by Northmarq - Seattle, Northmarq
$2,830,000
Valvoline Instant Oil - Kent, WA
Details
APN 6792200031
Property Type Retail
Sub Type Quick lube
Cap Rate 5.25%
NOI $148,500
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options 4; 5 YR
Year Built 2026
Stories 1
Lot Size (SqFt) 74,887
Investment Type Net Lease
Lease Commencement 04/17/2026
Ground Lease Yes
Ownership Ground Lease
About This Property
Marketing description
Northmarq is pleased to present the opportunity to acquire a brand-new 2026 construction Valvoline Instant Oil Change located immediately east of the signalized intersection of Highway 516 and 132nd Avenue SE in Kent, Washington. The Property consists of a 1,676 SF building situated on ±1.718 acres and is subject to a 15-year absolute NNN ground lease with four 5-year renewal options, providing investors up to 35 years of total term.
The Property offers zero landlord responsibilities and 10% rent escalations built into every option period. The lease is backed and guaranteed by a publicly traded, nationally recognized tenant, located in one of the Pacific Northwest’s most active suburban markets
Investment highlights
Property Highlights
- Brand New 2026 Construction: Valvoline Instant Oil Change build-to-suit on ±1.718-acre ground lease in Kent, Washington.
- Absolute NNN Ground Lease Structure: Zero landlord responsibilities for taxes, insurance, utilities, maintenance, or capital expenditures.
- 15-Year Initial Term: Four (4), 5-year renewal options provides up to 35 years of total potential term.
- Structured Rent Escalations: 10% at each option period.
- Guaranteed: The lease is guaranteed by a publicly traded nationally recognized essential auto services brand.
- Kent, WA Submarket: High-traffic SE 272nd Street corridor with strong regional accessibility and dense suburban demographics.
Listing Contacts
Listed by Northmarq - Seattle, Northmarq
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,500.00
$12,375.00/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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