Log In/Sign Up
Your email has been sent.
Valvoline 13303 SE 272nd St 1,676 SF Retail Building Kent, WA 98042 $3,900,136 CAD ($2,327.05 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Valvoline Instant Oil Change build-to-suit on ±1.718-acre ground lease in Kent, Washington.
- Four (4), 5-year renewal options provides up to 35 years of total potential term.
- High-traffic SE 272nd Street corridor with strong regional accessibility and dense suburban demographics.
- Zero landlord responsibilities for taxes, insurance, utilities, maintenance, or capital expenditures.
- The lease is guaranteed by a publicly traded nationally recognized essential auto services brand.
- Structured rent escalations, with 10% at each option period.
Executive Summary
Northmarq is pleased to present the opportunity to acquire a brand-new 2026 construction Valvoline Instant Oil Change located immediately east of the signalized intersection of Highway 516 and 132nd Avenue SE in Kent, Washington. The Property consists of a 1,676 SF building situated on ±1.718 acres and is subject to a 15-year absolute NNN ground lease with four 5-year renewal options, providing investors up to 35 years of total term.
The Property offers zero landlord responsibilities and 10% rent escalations built into every option period. The lease is backed and guaranteed by a publicly traded, nationally recognized tenant, located in one of the Pacific Northwest’s most active suburban markets.
The Property offers zero landlord responsibilities and 10% rent escalations built into every option period. The lease is backed and guaranteed by a publicly traded, nationally recognized tenant, located in one of the Pacific Northwest’s most active suburban markets.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Retail
Building Size
1,676 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,900,136 CAD
Price Per SF
$2,327.05 CAD
Cap Rate
5.25%
NOI
$204,757 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.71 AC
Zoning
CC
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 679220-0031 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,115,720 CAD | Total Assessment | $2,115,720 CAD |
Property Taxes
Parcel Number
679220-0031
Land Assessment
$2,115,720 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,115,720 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Valvoline | 13303 SE 272nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.