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Valvoline SW Kingswood Dr 2,080 SF Retail Building Tumwater, WA 98512 $3,284,517 CAD ($1,579.09 CAD/SF) 5% Cap Rate
EXECUTIVE SUMMARY
Valvoline is situated on a 34,412-square-foot parcel and leased directly to Valvoline corporate, which has over 2000 stores in operation. The Lease includes a 15-year initial term, three 5-year renewal options, and 10% increases every 5 years. It is structured as an absolute NNN Ground Lease.
This is a rare opportunity to acquire multiple properties within a newly developed center and net-leased retail assets in a high-visibility location, combining built-in value growth with long-term passive income. The owner will consider selling all or part of the portfolio
This is a rare opportunity to acquire multiple properties within a newly developed center and net-leased retail assets in a high-visibility location, combining built-in value growth with long-term passive income. The owner will consider selling all or part of the portfolio
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,080 SF
Building Class
B
Year Built
2025
Price
$3,284,517 CAD
Price Per SF
$1,579.09 CAD
Cap Rate
5%
NOI
$164,226 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.79 AC
Zoning
GC - General Commercial
Parking
15 Spaces (7.21 Spaces per 1,000 SF Leased)
Frontage
75’ on SW Kingswood Dr
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12703240403 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,881,355 CAD | Total Assessment | $1,881,355 CAD |
PROPERTY TAXES
Parcel Number
12703240403
Land Assessment
$1,881,355 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,881,355 CAD
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Valvoline | SW Kingswood Dr
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