Valvoline – Oak Harbor, WA

Valvoline
180 NE Midway Blvd, Oak Harbor, WA 98277, USA

Sands Investment Group is pleased to exclusively offer for sale the 2,000 SF Valvoline Absolute NNN Asset 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.

  • 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.

 

BoR: Marianne Christian – Lic. WA #12244

Valvoline
180 NE Midway Blvd, Oak Harbor, WA 98277, USA

Valvoline

Valvoline Inc. (NYSE: VVV) is the quick, easy, trusted leader in automotive preventive maintenance. Valvoline Inc. is creating shareholder value by driving the full potential in our core business, accelerating network growth, and innovating to meet the needs of customers and the evolving car parc. With more than 2,000 service centers throughout North America, Valvoline Inc. and the Company’s franchise partners keep customers moving with our 4.6 out of 5-star* rated service that includes 15-minute stay-in-your-car oil changes; battery, bulb, and wiper replacements; tire rotations; and other manufacturer-recommended maintenance services. In fiscal year 2023, Valvoline’s network delivered approximately 27 million services to generate $1.4 billion in revenue from $2.8 billion in system-wide store sales, marking 17 years of consecutive system-wide same-store sales growth. At Valvoline Inc., it all starts with our people, including our more than 10,000 team members and strong, long-standing franchise partners. We are proud to be a ten-time winner of the BEST Award for training excellence and a top-rated franchisor in our category by Entrepreneur and Franchise Times.

Price

$1,100,000

Cap Rate

6.00%

PREMISES

2,000 SF

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

07/31/2035

Lease Type

Absolute NNN

RENTAL INCREASES

10% Every 5 Years

BROKERS

List with SIG

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