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Valvoline Auto Shop
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180 Northeast Midway Boulevard, Oak Harbor, WA 98277

Freestanding automotive service property occupied under an absolute NNN lease with renewal options.

Property Size2,000 SF
Price / SF$550
Days on Market19

Property Features for 180 Northeast Midway Boulevard

General Information

Standard status Active
Size 2,000 SF
Property subtype Retail
Occupancy 100%
Lease Type Absolute NNN
Investment Type Net Lease
Net Operating Income $66,000

Building Details

Year Built 2000
Tenancy Single
Listing Agency: Sands Investment Group
Listed By: Evan Beeson · License #IL 475182760
Source: Crexi
Added: Jul 22 Changed: Aug 9 Last Checked: Aug 9 at 7:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group

Investment Insights

Based on property information with market context.

The property is a 2,000-square-foot Valvoline automotive service facility at 180 Northeast Midway Boulevard in Oak Harbor, Washington. Constructed in 2000, the asset is operated under an Absolute Triple Net lease structure.

Approximately 9 years remain on the current lease term, with 4 x 5-year renewal options available. The combination of an established automotive-service occupant and defined extension options provides a straightforward framework for ownership and future lease continuity.

Key Highlights

  • 2,000 SF Valvoline automotive service property
  • Absolute Triple Net (NNN) lease structure
  • Approximately 9 years of lease term remaining

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

624
Businesses Nearby
131k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 50% Shops & Services 44% Home Improvements & Furnishings 4% Electronics 2%
McDonald's Dining
33,279 visits/mo 0.3 miles
Dollar Tree Shops & Services
24,757 visits/mo 0.1 miles
Taco Bell Dining
17,924 visits/mo 0.3 miles
Navy Federal Credit Union Shops & Services
12,567 visits/mo 0.4 miles
7-Eleven Shops & Services
10,911 visits/mo 0.3 miles

Demographics for 98277, WA

41,517
Population
17,694
Households
2.3
Avg Household Size
36
Median Age
27%
College-Educated
95%
High-School Grad
57.3 sq mi
ZIP Area
725
Density / Sq Mi
$79,326
Median Household Income
$45,236
Median Earnings
$1,651
Median Rent
$455,300
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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  • Hilltop Auto Service 826 SE Midway Blvd, Oak Harbor, WA 98277
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  • Midway Automotive & Tire 726 NE Midway Blvd, Oak Harbor, WA 98277

Frequently Asked Questions

What type of property is this?
Auto shop - Freestanding automotive service property occupied under an absolute NNN lease with renewal options.
Where is this auto shop located?
The property is located at 180 Northeast Midway Boulevard Oak Harbor, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,000 SF Valvoline automotive service property; Absolute Triple Net (NNN) lease structure; Approximately 9 years of lease term remaining
(773) 352-8784 Call to check price and availability
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