Investment Overview

Marcus & Millichap is exclusively offering for sale the Leasehold Interest (improvements only) in the Take 5 Oil Change site located at 807 N Sullivan Road in Spokane Valley, Washington. This is an opportunity for an investor to purchase the leasehold rights to the Take 5 improvements on an absolute NNN basis through July 4th, 2043. Additionally the tenant will have two five-year options to renew through July 4, 2053. The property was developed in 2023 when Take 5 opened for business and the parcel shares tenancy with Dutch Bros who opened for business in November of 2023. The Take 5 building is 1,334 square feet and includes two drive thru oil change bays. The site is situated at the busiest intersection in all of Spokane Valley where North Sullivan Road experiences over 41,000 vehicles per day. Located directly next door to the subject property is a McDonald’s and across Sullivan is a power center anchored by Ross, Michael’s, Burlington, and PetSmart while that center shares access with a Walmart Supercenter. According to Placer.ai which tracks customer traffic, the Walmart ranks in the top 98% percentile nationally and is the 5th most visited (out of 60) Walmart in all of Washington state. The Interstate-90 on/off ramps is located just one block north of the Take 5 property providing ideal access for customers. Other national retailers within walking distance include Fred Meyer, Lowe’s, Wendy’s, Taco Bell and many others.