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Valvoline Multitenant

159 Valley Mall Pkwy, East Wenatchee, WA 98802

Listing Price: $1,700,000

Cap Rate
5.71%
Gross SF
3,784
Rentable SF
3,784
Price/Gross SF
$449.26
Lot Size
0.54 acres
Year Built
2004

Investment Overview

Marcus & Millichap is exclusively representing for sale Valvoline Multitenant, a high-quality construction two-tenant property located in the dynamic East Wenatchee retail corridor. The Property is 100% occupied by corporate Valvoline Instant Oil Change and Legend Designer Ice Cream who has operated at this location since 2015 and recently signed a new 5-year extension. The Property features easy ingress/egress and traffic counts in excess of 87,000+ VPD with quick access to downtown Wenatchee.

Investment Highlights

  • CORPORATE GUARANTEED VALVOLINE LEASE (NYSE: VVV)
  • BELOW MARKET RENT ON LEGENDS DESIGNER ICE CREAM SPACE
  • CLEAN PHASE I - The Property features a clean Phase I on file from 2014.
  • LONG-TERM VALVOLINE LEASE AND RECENT 5-YEAR LEGEND EXTENSION
  • LOW MANAGEMENT NNN LEASES
  • STRATEGIC BONUS DEPRECIATION

Exclusively Listed By

Listing Price: $1,700,000

Cap Rate
5.71%
Gross SF
3,784
Rentable SF
3,784
Price/Gross SF
$449.26
Lot Size
0.54 acres
Year Built
2004

Investment Highlights

  • CORPORATE GUARANTEED VALVOLINE LEASE (NYSE: VVV)
  • BELOW MARKET RENT ON LEGENDS DESIGNER ICE CREAM SPACE
  • CLEAN PHASE I - The Property features a clean Phase I on file from 2014.
  • LONG-TERM VALVOLINE LEASE AND RECENT 5-YEAR LEGEND EXTENSION
  • LOW MANAGEMENT NNN LEASES
  • STRATEGIC BONUS DEPRECIATION

Investment Overview

Marcus & Millichap is exclusively representing for sale Valvoline Multitenant, a high-quality construction two-tenant property located in the dynamic East Wenatchee retail corridor. The Property is 100% occupied by corporate Valvoline Instant Oil Change and Legend Designer Ice Cream who has operated at this location since 2015 and recently signed a new 5-year extension. The Property features easy ingress/egress and traffic counts in excess of 87,000+ VPD with quick access to downtown Wenatchee.

Exclusively Listed By

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