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Auto Shop Absolute NNN Ground Lease
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4784 Pioneer St, Ridgefield, WA 98642

New-construction auto shop is 100% leased under an absolute NNN ground lease with a 15-year initial term.

Property Size1,600 SF
Lot Size0.40 Acres
Price / SF$1,187
Days on Market12

Property Features for 4784 Pioneer St

General Information

Standard status Active
Size 1,600 SF
Lot size 0.40 Acres
Property subtype LAND
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Tenancy Single
Listing Agency: MAJ Commercial Real Estate
Listed By: Blake Federinko · License #115187
Source: Moodyscre
Added: Jul 20 Changed: Jul 31 Last Checked: Jul 31 at 6:07AM

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 MAJ Commercial Real Estate

Investment Insights

Based on property information with market context.

The property is a single-tenant absolute net leased ground lease investment featuring a new-construction ±1,600 SF building. The ground lease is structured as an absolute NNN with zero landlord responsibilities, and the initial lease term runs fifteen (15) years from the commencement date. The site is 100% leased to Take 5 Oil Change.

Located at 4784 Pioneer Street in Ridgefield, WA, the property is positioned along Pioneer Street near its interchange with Interstate 5. The trade area is described as having expanding co-tenancy and retail activity, with Grocery Outlet listed as an anchor.

The ground lease parcel totals ±17,486 SF (±0.40-acre), providing a dedicated site for the tenant’s quick lube operations. Take 5 Oil Change is part of the Driven Brands (NASDAQ: DRVN) family of automotive service concepts.

Key Highlights

  • Absolute NNN ground lease with zero landlord responsibilities
  • 100% leased to Take 5 Oil Change
  • New‑construction ±1,600 SF building

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick HVAC Service Law Firm Plumbing Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Lease Details

100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

205
Businesses Nearby
148k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 75% Dining 23% Shops & Services 2%
Costco Wholesale Superstores
111,066 visits/mo 0.4 miles
Starbucks Dining
16,534 visits/mo 0.2 miles
Taco Bell Dining
12,019 visits/mo 0.1 miles
MOD Pizza Dining
5,181 visits/mo 0.1 miles
Les Schwab Tire Center Shops & Services
2,355 visits/mo 0.2 miles

Demographics for 98642, WA

23,685
Population
9,736
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
96%
High-School Grad
56.8 sq mi
ZIP Area
417
Density / Sq Mi
$119,316
Median Household Income
$62,710
Median Earnings
$1,938
Median Rent
$622,800
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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Similar Off Market Nearby

  • Les Schwab Tire Center — 4801 S 3rd Way, Ridgefield, WA 98642
  • Western Star Northwest — 600 S 56th Pl, Ridgefield, WA 98642
  • Monarch Power Supply — 6100 S 6th Way, Ridgefield, WA 98642
  • TLC Towing — 4545 S 11th Way, Ridgefield, WA 98642

Frequently Asked Questions

What type of property is this?
Auto shop - New-construction auto shop is 100% leased under an absolute NNN ground lease with a 15-year initial term.
Where is this auto shop located?
The property is located at 4784 Pioneer St Ridgefield, WA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Absolute NNN ground lease with zero landlord responsibilities; 100% leased to Take 5 Oil Change; New‑construction ±1,600 SF building
(360) 823-5111 Call to check price and availability
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