23970 NE Wa-3 | Belfair, WA 98528
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23970 NE Wa-3
Belfair, WA 98528
Valvoline Instant Oil Change · Retail Property For Sale
Investment Highlights
- Absolute Net Lease | Lease features an absolute NNN lease structure with zero landlord responsibilities.
- Corporately Guaranteed | Valvoline Inc. (NYSE: VVV); Valvoline is a publicly traded company with a market cap of $5.73 Billion.
- Rent Increases | Lease includes strong rent increases of 1.5% annually to hedge against inflation.
- Long-Term Leases and Commitment to Site | Valvoline recently extended the lease for an additional 10 years, showing commitment to the site.
- Situated in High Growth, Affluent Markets | Double-digit population growth in the past ten years, with an average household income of $122,532.
- Income Tax-Free State | Washington has no state income tax.
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,732 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.43 AC
Zoning
GC
Parking
8 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
112’ on Wa-3 Hwy
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 12329-41-90240 | Improvements Assessment | $644,555 |
| Land Assessment | $176,730 | Total Assessment | $821,285 |
Property Taxes
Parcel Number
12329-41-90240
Land Assessment
$176,730
Improvements Assessment
$644,555
Total Assessment
$821,285
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