The Offering presents the rare opportunity to acquire a 2025-construction Valvoline Instant Oil Change on a 15-year ground lease with a corporate guaranty. The lease includes 10% rent increases every five years, including at the beginning of each of the four, five-year renewal periods. Located along Mountain Hwy E—Spanaway’s primary commercial corridor with over 24,000 vehicles per day—the Property benefits from proximity to a Walmart Supercenter that draws 2.4 million annual visitors (per Placer.ai). Other neighboring retailers include McDonald’s, Starbucks, Panda Express (Built 2024), and a new construction The Wave Car Wash directly across the street. The surrounding trade area has experienced significant growth, with the 3-mile population increasing nearly 40% since 2010 and average household incomes exceeding $115,000. Over 450 multifamily units have been built within three blocks of the Property, including Gateway by Vintage, a 200+ unit development on the adjacent parcel. Valvoline has surpassed 2,000 locations across the U.S. and Canada, with plans to expand to 3,500 sites. The company posted 12% year-over-year sales growth in 2024 and has achieved 18 consecutive years of same-store sales growth. As of April 2025, this is the only Valvoline ground lease currently available for sale in the Pacific Northwest.