20302 98th St E
Bonney Lake, WA 98391
Valvoline · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15 Year Absolute Net Ground Lease offering zero Landlord maintenance responsibilities.
- 10% rent increases scheduled every five years through duration of the term and start of each option.
- Other tenants joining Valvoline include: Chick-fil-A, Chipotle, MOD Pizza, Habit Burger, and Sound Credit Union, a pad owner.
- Grand opening held on June 30th.
- Brand new construction, pad to Costco in the Mountain View Marketplace which is nearing completion.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,636 SF
Building Class
B
Year Built
2020
Building Height
1 Story
Building FAR
0.06
Lot Size
0.62 AC
Parking
9 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
98’ on 204th Ave
PROPERTY TAXES
| Parcel Number | 051903-6044 | Improvements Assessment | $609,400 |
| Land Assessment | $1,096,600 | Total Assessment | $1,706,000 |
