1313 Valley Ave E | Sumner, WA 98390
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- LoopNet Team
1313 Valley Ave E
Sumner, WA 98390
Valvoline Instant Oil Change · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Lease | Lease features an absolute NNN lease structure with zero landlord responsibilities.
- Corporately Guaranteed | Valvoline Inc. (NYSE: VVV); Valvoline is a publicly traded company with a market cap of $5.73 Billion.
- Rent Increases | Lease includes strong rent increases to hedge against inflation of 8% increases every 5 years.
- Long-Term Leases and Commitment to Site | Valvoline recently extended the lease for an additional 10 years, showing commitment to the site.
- Situated in High Growth, Affluent Markets | Double-digit population growth in the past ten years, with an average household income of $132,701.
- Income Tax-Free State | Washington has no state income tax.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,842 SF
Building Class
C
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.31 AC
Zoning
GC
Parking
5 Spaces (1.76 Spaces per 1,000 SF Leased)
Frontage
80’ on Valley Ave E
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 052019-7062 | Improvements Assessment | $458,700 |
| Land Assessment | $417,300 | Total Assessment | $876,000 |
PROPERTY TAXES
Parcel Number
052019-7062
Land Assessment
$417,300
Improvements Assessment
$458,700
Total Assessment
$876,000
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