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Valvoline - Oak Harbor, WA 180 NE Midway Blvd 2,000 SF Retail Building Oak Harbor, WA 98277 $1,100,000 ($550/SF) 6% Cap Rate
Investment Highlights
- Rare fee simple Corporate Valvoline, allowing for depreciation.
- No landlord responsibilities.
- 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.
- The lease is guaranteed by corporate credit tenant Valvoline LLC, the second-largest oil change service provider in the United States.
- 9 years remain on the lease with 4 x 5-year options to extend.
- Washington imposes no state personal or corporate income tax, creating a favorable business and investment environment.
Executive Summary
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
BoR: Marianne Christian - Lic. WA #12244
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
C
Year Built
1985
Price
$1,100,000
Price Per SF
$550
Cap Rate
6%
NOI
$66,000
Tenancy
Single
Building Height
1 Story
Zoning
OH
Frontage
7,187’ on Midway Blvd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Valvoline
- Mining, Quarrying, and Oil and Gas Extraction
- 2,000 SF
- $33.00
- Jul 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Valvoline | Mining, Quarrying, and Oil and Gas Extraction | 2,000 SF | $33.00 | Jul 2035 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R13335-111-3830 | Improvements Assessment | $106,320 |
| Land Assessment | $201,247 | Total Assessment | $307,567 |
Property Taxes
Parcel Number
R13335-111-3830
Land Assessment
$201,247
Improvements Assessment
$106,320
Total Assessment
$307,567
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