1109 S Holladay Dr - Auto Repair FOR SALE


Seaside, OR 97138
$1,125,000 USD
541-571-1287
1109 S Holladay Dr, Seaside, OR for Sale
$1,125,000 USD
Auto Repair - FOR SALE
1/5
null | 6.51% Cap Rate

1109 S Holladay Dr
Seaside, OR 97138


HIGHLIGHTS

  • Brand New 5-Year Lease
  • NNN Lease Structure | Limited Landlord Responsibility
  • Corporate Backed (NYSE: VVV)
  • Central Location on Primary Retail Thoroughfare
  • Only National Oil Change within 35 Miles
  • E-Commerce & Recession Resistant

OVERVIEW

Colliers International has been selected to exclusively market for sale Valvoline Instant Oil Change, a single-tenant NNN investment property located at 1109 S Holladay Drive in Seaside, Oregon. The 2,680-squarefoot building, constructed in 2005 on a 0.31-acre lot, was originally an Oil Can Henry’s quick-lube facility acquired by Valvoline in 2016 and continues to operate as a drive-thru oil change center. The corporate-guaranteed lease has been recently extended for a new 5-year term commencing September 1, 2025, through August 31, 2030, with rental increases at the beginning of years 2 and 5. The tenant holds three 3-year options to extend, each featuring a 4.5% rental increase. Landlord responsibilities on-site are limited to capital expenditures, with the tenant responsible for operating expenses including property taxes and insurance. Valvoline is centrally located in Seaside, Oregon, a vibrant coastal city and premier tourist destination along the Oregon coast. The city attracts over 3 million visitors annually to its iconic promenade, beaches, and attractions. The property enjoys high visibility along S Holladay Drive, a primary thoroughfare connecting to U.S. Route 101 – the Oregon Coast Highway – with traffic counts exceeding 20,000 vehicles per day during peak season. Valvoline boasts over 2,000 locations nationwide and strong financials including $1.67 billion in trailing twelve-month revenue. Corporate guaranteed from Valvoline Inc. (NYSE: VVV), and investment-grade rated Ba2 by Moody’s and BB by S&P, this property represents an attractive, secure, low-management investment for passive income seekers.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$420 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

GB

APN/PARCEL ID

53959

ASK ABOUT THIS PROPERTY

Scott LoganColliersMore Info
541-571-1287

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Scott LoganColliersMore Info
541-571-1287

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.