Listed by Sands Investment Group
$1,100,000
Valvoline - Oak Harbor, WA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,000
Cap Rate 6.00%
NOI $66,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 9
Lease Expiration 07/31/2035
Remaining Term 9
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $550
Year Built 2000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/08/2025
Ground Lease No
Corp Valvoline | Low Price Point | 9 Yr Abs NNN Lease | No State Income Tax
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 2,000 SF Valvoline property located at 180 NE Midway Boulevard in Oak Harbor, WA. This investment is secured by an Absolute Triple Net (NNN) Lease, offering a truly passive ownership opportunity with no landlord responsibilities. With approximately 9 years of lease term remaining and 4 x 5-year renewal options, the asset provides long-term income stability, predictable cash flow, and attractive downside protection, making it an exceptional investment opportunity.
Investment highlights
- Depreciation Benefit: Rare fee simple Corporate Valvoline, allowing for depreciation.
- Corporate Credit: The lease is guaranteed by corporate credit tenant Valvoline LLC, the second-largest oil change service provider in the United States, backed by a $4.1 billion market capitalization and a network of more than 2,000 locations nationwide.
- Absolute Triple Net (NNN) Lease: No landlord responsibilities.
- Lease Term: 9 years remain on the lease with 4 x 5-year options to extend.
- Strategic High-Traffic Location: Positioned on Midway Blvd (8,375 VPD), less than a mile from Hwy 20, a major North and South Freeway that sees 21,148 VPD.
- No State Income Tax: Washington imposes no state personal or corporate income tax, creating a favorable business and investment environment.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,000.00
$5,500.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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