17317 Smokey Point Blvd - Auto Repair FOR SALE


Arlington, WA 98223
$1,332,215 USD
562-269-4844
17317 Smokey Point Blvd, Arlington, WA for Sale
$1,332,215 USD
Auto Repair - FOR SALE
1/16
null | 6.25% Cap Rate

17317 Smokey Point Blvd
Arlington, WA 98223


HIGHLIGHTS

  • Property is leased to Team Car Care, the largest operator of Jiffy Lube locations in the United States
  • Long-term lease with over 6 years remaining
  • Lease includes rent escalations, with the CAP rate increasing to 6.88% in January 2027
  • Four (4) 5-year options to extend

OVERVIEW

Centennial Advisers is pleased to present 17317 Smokey Point Boulevard, an absolute NNN single-tenant retail asset priced at $1,332,215 and delivering a 6.25% cap rate. This property offers a secure, passive investment backed by Team Car Care, the nation's largest Jiffy Lube operator, ensuring stable cash flow and long-term value preservation in the growing Arlington market. The asset operates on an absolute NNN lease, insulating investors from all operating expenses and generating a stable Net Operating Income (NOI) of $83,302. This structure provides a truly passive income stream, ideal for investors seeking management-free returns and predictable financial performance from a reliable national tenant. The lease features over 6 years of initial term remaining and includes a significant rental escalation in 2027, boosting the cap rate to 6.88%. Four additional five-year options provide long-term security and continued income growth potential, securing the investment's future viability.

FOR SALE DETAILS

PRICE

$1,332,215 USD

PRICE/SF

$991 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN, Largest Jiffy Lube Operator

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

HC

APN/PARCEL ID

310521-003-055-00

ASK ABOUT THIS PROPERTY

Michael AlperCentennial AdvisersMore Info
562-269-4844

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Michael AlperCentennial AdvisersMore Info
562-269-4844

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