180 NE Midway Blvd - Auto Repair FOR SALE
Oak Harbor, WA 98277 |
$1,100,000 USD
872-204-4284
180 NE Midway Blvd
Oak Harbor, WA 98277
HIGHLIGHTS
- Rare fee simple Corporate Valvoline, allowing for depreciation.
- The lease is guaranteed by corporate credit tenant Valvoline LLC, the second-largest oil change service provider in the United States.
- No landlord responsibilities.
- 9 years remain on the lease with 4 x 5-year options to extend.
- 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.
- Washington imposes no state personal or corporate income tax, creating a favorable business and investment environment.
OVERVIEW
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.
BoR: Marianne Christian - Lic. WA #12244
FOR SALE DETAILS
PRICE
$1,100,000 USD
PRICE/SF
$550 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Valvoline - Oak Harbor, WA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
OH
APN/PARCEL ID
R13335-111-3830
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
872-204-4284
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
872-204-4284
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
