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1491 S Eagle Rd Meridian, ID 83642

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For Sale
$2,400,000

100% leased Valvoline property with long-term NNN lease.

Lot size:
0.47 Acres

Property Features for 1491 S Eagle Rd

General Information

Lot size
0.47 Acres

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Listing Contact
Holly Chetwood, Ccim
Holly Chetwood, Ccim
Source: Tokcommercial

Listing Agency: TOK Commercial - Boise Listing Agent: Holly Chetwood, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Valvoline NNN Lease Investment

This offering features a 100% leased Valvoline Instant Oil Change property, situated at 1491 S Eagle Rd in Meridian, Idaho. The property is offered at $2,400,000, boasting a net operating income of $132,000 at a 5.50% capitalization rate. Constructed in 2019, the asset includes a 3,317-square-foot freestanding building on 0.47 acres, leased to Valvoline Inc. (NYSE: VVV). Valvoline is a publicly traded automotive service operator with over 1,800 locations nationwide and a 150+ year operating history. The absolute NNN lease structure ensures passive ownership with no landlord responsibilities, incorporating scheduled rental increases and multiple extension options. The property benefits from high retail visibility along the high-traffic Eagle Road corridor, which sees over 36,000 vehicles per day. The location on S. Eagle Road offers outstanding visibility and convenient access within one of the Treasure Valley’s fastest-growing trade areas. The property is well-maintained, featuring modern construction, strong curb appeal, and durable materials designed for long-term performance and minimal capital needs.
Location Intelligence

Current Use by Public Records

Valvoline Instant Oil ... Auto Repair Shop

Suggested Use

Restaurant Law Firm Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Valvoline Instant Oil Change, D G Auto Body Home, High Desert Harley Davidson, Indian Motorcycle® Boise, Teter Auto Glass Co.

Location Insight

  • Map
  • Local Demand
City
Meridian
County
Ada
State
Idaho
Longitude
-116.3552386
Latitude
43.5916345

FAQs

What type of property is this?
Auto shop - 100% leased Valvoline property with long-term NNN lease.
Where is this auto shop located?
The property is located at 1491 S Eagle Rd Meridian, ID.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: - Absolute NNN Lease: 100% leased to Valvoline, providing passive income.; - **Strong National Credit Tenant**: Leased to Valvoline Inc. (NYSE: VVV), a publicly traded company.; - **High-Exposure Location**: Located on high-traffic Eagle Road (46,000+ VPD).
More about this property
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