Valvoline NNN Property For Sale — Tacoma, WA · 1,504 SF
Tacoma, WA 98446
This investment opportunity features a top-tier national tenant with an absolute net ground lease, offering 13 years remaining on the initial term and three five-year renewal options. The property benefits from exceptional access and visibility in South Pierce County, strategically located at the intersection of two major arterials, Canyon Road and 176th Street. The parcel is situated within the Frederickson Town Center, providing two lighted, full-direction access points and a prominent hard corner location. The lease provides for 10% rent increases every five years, including option periods.
- Address: Tacoma, WA 98446
- Asking price $1.60M
- 5.10% cap rate
- NOI $81,600
- 9.1 years remaining
- NNN lease
- Year built: 2022
- Building size: 1,504 SF
- Lot size: 1.55 acres
- Lease expiration: Oct 31, 2035
- Rent increases: Year 1-5: $74,000/year (Current Rent); Years 6-10: $81,400/year; Years 11-15: $89,540/year
- Guarantor: Corporate
Location
This Valvoline property is in Tacoma, Washington.
Asset type: Retail