17512 Canyon Pky E | Tacoma, WA 98446
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17512 Canyon Pky E
Tacoma, WA 98446
Valvoline (Ground Lease) · Retail Property For Sale
Investment Highlights
- 2020 construction, with over 10 years remaining on an absolute net ground lease.
- Located at the corner of 176th St E and Canyon Rd E, which provides exposure to over 50,000 vehicles per day.
- The Property is surrounded by new retail development. National tenants include but are not limited to McDonald’s, O’Reilly Auto Parts, IHOP, MOD Pizza
- 10% rental increases every five years, including each of the three, five-year option periods.
- The population within a 3-mile radius has grown over 35% since 2010, with an average household income over $130,000.
- Visitor traffic to the Property has grown nearly 30% since 2022 (Placer.ai).
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,504 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.55 AC
Zoning
Commercial - Commercial
Frontage
415’ on Canyon Road East
Amenities
- Signage
Property Taxes
| Parcel Number | 031925-8066 | Improvements Assessment | $948,600 |
| Land Assessment | $1,782,000 | Total Assessment | $2,730,600 |
Property Taxes
Parcel Number
031925-8066
Land Assessment
$1,782,000
Improvements Assessment
$948,600
Total Assessment
$2,730,600
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