2117 N Argonne Rd
Spokane Valley, WA 99212
Valvoline Instant Oil Change · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present Valvoline Instant Oil Change in Spokane Valley, Washington. The tenant, Valvoline LLC, is subject to a 15-year absolute triple net lease (NNN) which commenced September 30th, 2014, leaving approximately ten years remaining firm term. The lease features five percent rental increases during the initial term of the lease, with ten percent increases to be implemented at each of the four, 5-year option to extend. Valvoline LLC, a wholly owned subsidiary of Valvoline Inc. (NYSE: VVV) is the second largest quick-lube business in the United States with more than 1,100 locations across 41 states and in more than 100 countries worldwide. Valvoline Inc., as the parent company, is a nationally recognized brand with a "BB+" credit rating from Standard & Poor's. The property consists of a 1,592 square foot structure situated on a 23,562 square foot lot (0.54 Acres). Nearby street traffic counts exceed 40,000 vehicles per day. The site is situated off exit 287 from Interstate-90 (87,000 VPD), allowing easy access to downtown Spokane as the primary highway running east to west through the area. Valvoline is strategically located in a dense retail pocket, neighboring national brands such as Wendy's, McDonald's, and O'Reilly Auto Parts, and within one mile of Walgreens, Albertsons, Rite Aid, Yoke's Fresh Market, Centennial Middle School, and West Valley High School. Valvoline Instant Oil Change is the only national oil change location within a two mile radius of this site.