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840 Overland Ave
Burley, ID 83318
Oil Changers · Retail Property For Sale
Investment Highlights
- New 15-year absolute NNN lease to Oil Changers, a 200+ location regional leader.
- Tenant pays all taxes, insurance, and maintenance, creating a fully passive investment.
- Valvoline’s $625 million acquisition expanded Oil Changers’ footprint to 2,200+ North American locations.
- Ten percent rent increases every five years provide predictable, long-term income growth.
- Corporate-backed lease by Oil Changer Holding Corporation supports strong credit quality.
- No nearby competition positions this location for strong long-term performance.
Executive Summary
High-visibility and easily accessible location at the four-way intersection of Overland Avenue and West 9th Street with combined traffic counts exceeding 26,000 AADT. The surrounding trade area serves 25,383 residents within a five-mile radius, with an average annual household income of $88,441. The property is located less than one mile from Burley Municipal Airport and within walking distance of the Snake River, which attracts approximately 150,000 visitors annually. The absolute NNN lease structure transfers all maintenance and expense obligations to the tenant, including the roof, structure, and parking lot. Projected population and income growth within the 1-, 3-, and 5-mile radii support long-term stability for both the Oil Changers tenancy and the Burley market.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,267 SF
Building Class
C
Year Built
2025
Price
$2,781,000
Price Per SF
$2,194.95
Cap Rate
6%
NOI
$166,847
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
0.57 AC
Parking
10 Spaces (7.89 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $110,988 | Total Assessment | $110,988 |
Property Taxes
Parcel Numbers
Land Assessment
$110,988
Improvements Assessment
$0
Total Assessment
$110,988
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