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19918 Mountain Hwy E
Spanaway, WA 98387
Valvoline · Retail Property For Sale
Investment Highlights
- 2025 construction, operating on a 15-year absolute net corporate ground lease.
- Located on Mountain Hwy E, a primary retail corridor that connects Spanaway to Tacoma and sees over 24,000 vehicles per day.
- Since 2022, over 450 multifamily units have been constructed within three blocks of the Property, including Gateway by Vintage.
- 10% rental increases every five years, including each of the four, five-year option periods.
- The population within a 3-mile radius of the Property has increased by nearly 40% since 2010, with an average household income of $115,000.
- The Property is one block away from a Walmart Supercenter, which sees 2.4M annual visitors (per Placer.ai).
Property Facts
Property Type
Retail
Property Subtype
Retail
Building Size
1,664 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.97 AC
Zoning
TCTR - Commercial
Parking
8 Spaces (2.68 Spaces per 1,000 SF Leased)
Frontage
149’ on Mountain Highway East
Property Taxes
| Parcel Number | 031804-4107 | Improvements Assessment | $15,100 |
| Land Assessment | $842,900 | Total Assessment | $858,000 |
Property Taxes
Parcel Number
031804-4107
Land Assessment
$842,900
Improvements Assessment
$15,100
Total Assessment
$858,000
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