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6080 S Five Mile Rd
Boise, ID 83709
Valvoline · Retail Property For Sale
Investment Highlights
- New 15-year absolute NNN ground lease to Valvoline, an iconic brand with global recognition (NYSE: “VVV”).
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Valvoline ranks #2 in quick-lube chains in the U.S. by number of stores with over 2,000 locations.
- 10% rental increases every five years deliver steady growth through the initial term and four (4) five-year options.
- With an average consumer rating of 4.6 out of 5 stars, Valvoline Inc. has built the model for transparency and convenience to take the worry out.
- Valvoline’s expansion strategy aims to increase the number of stores to 3,500 service centers across North America.
Executive Summary
This prime retail site offers exceptional visibility and convenient access at the signalized intersection of Five Mile Road and Lake Hazel Road, with combined traffic counts approaching 17,000 vehicles per day. Its advantageous proximity to Interstate 84 enables the property to capture a steady stream of over 38,000 daily commuters, significantly expanding its reach. The location serves a dense trade area with a population of 127,639 within five miles, supported by high consumer purchasing power reflected in an average household income of $142,185 within three miles. Surrounded by a diverse mix of national and local brands, including Albertsons, Walgreens, McDonald’s, Les Schwab, Shell, and The Human Bean, the property benefits from strong traffic drivers that reinforce retail demand. Projected growth in both population and household income across nearby radii over the next five years positions this Valvoline site for continued success in Boise’s rapidly evolving market.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,851 SF
Building Class
B
Year Built
2025
Price
$1,905,000
Price Per SF
$1,029.17
Cap Rate
5.25%
NOI
$100,013
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.69 AC
Zoning
C2
Parking
6 Spaces (2.73 Spaces per 1,000 SF Leased)
Frontage
187’ on South Five Mile Road
Property Taxes
| Parcel Number | R4900900110 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,504,700 |
Property Taxes
Parcel Number
R4900900110
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,504,700
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