Valvoline NNN Lease
For Sale
$2,325,600
3930 W State St, Boise, ID 83703
100% leased Valvoline property in Boise, Idaho for sale.
Property Size3,317 SF
Lot Size0.60 Acres
Price / SF$701.12
Days on Market168
Property Features for 3930 W State St
General Information
Standard status
Active
Size
3,317 SF
Lot size
0.60 Acres
Property subtype
Single-Tenant Retail
Net Operating Income
$127,908
Building Details
Building Size
3,317 SF
Listing Agency:
TOK Commercial
(208) 447-8867
Listed By:
Mike Greene, SIOR, CCIM · License #SP39024
(208) 447-8867
Source:
Tokcommercial
Added: Mar 6
Changed: Aug 12
Last Checked: Aug 21 at 5:11AM
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 TOK Commercial
Investment Insights
Based on property information with market context.
This property features a 3,317-square-foot freestanding retail building on 0.6 acres, completed in 2019. Zoned MX-3 (Mixed-Use 3), it is located along W State Street with a traffic count of 33,628 vehicles per day. The property is 100% leased to Valvoline, LLC, operating under Valvoline Inc. (NYSE: VVV), a publicly traded automotive service platform with more than 1,800 locations nationwide. The long-term absolute NNN lease structure provides passive ownership with no landlord responsibilities and features scheduled rental increases and multiple extension options. The location is approximately 2.2 miles from Downtown Boise, supported by dense surrounding neighborhoods including the North End and Garden City. The property is located in the Boise MSA, home to approximately 845,000 residents.
Key Highlights
- 100% Leased to Valvoline, LLC with Long‑Term Absolute NNN Lease providing stable, passive income.
- Strong National Credit Tenant: Backed by Valvoline Inc. (NYSE: VVV).
- Attractive 5.50% Cap Rate for a stabilized, long‑term NNN investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
72k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 37%
Shops & Services 22%
Albertsons
Groceries
30,070 visits/mo
0.3 miles
Wendy's
Dining
12,074 visits/mo
0.2 miles
Taco Bell
Dining
11,401 visits/mo
0.5 miles
Sinclair
Shops & Services
5,690 visits/mo
0.4 miles
The Human Bean
Dining
3,152 visits/mo
0.3 miles
Demographics for 83703, ID
18,163
Population
7,971
Households
2.3
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
8.1 sq mi
ZIP Area
2,242
Density / Sq Mi
$74,415
Median Household Income
$41,938
Median Earnings
$1,336
Median Rent
$477,000
Median Home Value
Market
Vacancy Rate% for Retail in Boise, ID
Questions? Ask Rey
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Similar Off Market Nearby
- Wizard Auto Specialties — 311 E 41st St, Boise, ID 83714
- Blue Wrench — 500 E 43rd St, Garden City, ID 83714
- Scott's Automotive & Tire Shop — 305 e 41st st, garden city, id 83714
- Precision Crankshaft — 597 E 44th St, Garden City, ID 83714
- MAG Small Engine — 4115 N Adams St, Garden City, ID 83714
Frequently Asked Questions
What type of property is this?
Auto shop - 100% leased Valvoline property in Boise, Idaho for sale.
Where is this auto shop located?
The property is located at 3930 W State St Boise, ID.
What is the asking price?
The asking price for this property is $2,325,600.
What are key features of this property?
This property features: 100% Leased to Valvoline, LLC with Long‑Term Absolute NNN Lease providing stable, passive income.; Strong National Credit Tenant: Backed by Valvoline Inc. (NYSE: VVV).; Attractive 5.50% Cap Rate for a stabilized, long‑term NNN investment.
