23970 NE Wa-3 - Auto Repair FOR SALE
Belfair, WA 98528 |
$1,514,455 USD
651-788-1133
23970 NE Wa-3
Belfair, WA 98528
HIGHLIGHTS
- Absolute Net Lease | Lease features an absolute NNN lease structure with zero landlord responsibilities.
- Long-Term Leases and Commitment to Site | Valvoline recently extended the lease for an additional 10 years, showing commitment to the site.
- Corporately Guaranteed | Valvoline Inc. (NYSE: VVV); Valvoline is a publicly traded company with a market cap of $5.73 Billion.
- Situated in High Growth, Affluent Markets | Double-digit population growth in the past ten years, with an average household income of $122,532.
- Rent Increases | Lease includes strong rent increases of 1.5% annually to hedge against inflation.
- Income Tax-Free State | Washington has no state income tax.
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Valvoline Instant Oil Change in Belfair, WA. The subject property is located near Seattle MSA and is corporately guaranteed by Valvoline Inc.
Cooperating Broker: Brian Brockman
Bang Realty, Inc | WA #27380
bor@bangrealty.com | (513) 898-1551
FOR SALE DETAILS
PRICE
$1,514,455 USD
PRICE/SF
$874 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Valvoline Instant Oil Change
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding, Storefront, Truck Stop
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.43 AC
LAND SF
18,731 SF
ZONING
GC
APN/PARCEL ID
12329-41-90240
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651-788-1133
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651-788-1133
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