2239 Longfibre Rd Yakima, WA 98903

Listing agency Kidder Mathews d***@kidder.com Show Phone

Listed by Parker Ksidakis · License #112893 Show Phone

Source Moodyscre

Added: May 12 Updated: Jul 21 at 1:20AM Checked: Jul 21 at 1:20AM

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Investment Insights

Based on property information with market context.

Kidder Mathews presents a new construction Valvoline property completed in 2024, offered with a 15-year absolute NNN ground lease structure with no landlord responsibilities during the initial term. The tenant’s lease is corporate guaranteed by Valvoline, and the rental payments include a 10% rental increase every five years throughout the initial term and at the beginning of each option period.

The property is positioned on a signalized hard corner in front of a high-performing Lowe’s Home Improvement store in Yakima, WA. The site is described as receiving over 26,000 VPD and is located in close proximity to major national retailers including Lowe’s Home Improvement, WinCo Foods, and Costco.

Key Highlights

• New 2024 Valvoline property on a signalized hard corner with a 15‑year absolute NNN ground lease
• 15‑year absolute NNN ground lease with no landlord responsibilities reported
• Valvoline corporate guaranteed lease

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FAQs

What type of property is this?

Automotive property - New 2024 Valvoline property on a signalized hard corner with a 15-year absolute NNN ground lease.

Where is this automotive property located?

The property is located at 2239 Longfibre Rd Yakima, WA.

What is the asking price?

The asking price for this property is $2,255,000.

What are key features of this property?

This property features: New 2024 Valvoline property on a signalized hard corner with a 15‑year absolute NNN ground lease; 15‑year absolute NNN ground lease with no landlord responsibilities reported; Valvoline corporate guaranteed lease