1313 Vly E Ave Sumner, WA 98390-2799

Property Details for 1313 Vly E Ave

Year built

2010

Construction

WOOD FRAME

Lot size

0.31 lot acres

Property size

1,073 SF

Zone code

GC

Property type

Auto shops

APN

520197062

APU

520197062

Description

This exceptional investment opportunity presents a 1,421 square foot Valvoline Instant Oil Change located at 1313 Valley Avenue, Sumner, WA 98390. The property sits on a 0.31-acre lot and boasts a strong 6.25% cap rate, generating a Net Operating Income (NOI) of $135,762. Built in 2010, this single-unit building benefits from a corporate-guaranteed, absolute NNN lease with Valvoline, a publicly traded company (NYSE: VVV). The current lease commenced July 31, 2024, and extends for a total of 10 years, with a remaining term of approximately 9.7 years. The lease includes built-in rent bumps of 8% every five years, beginning August 1, 2029, providing excellent protection against inflation. Four 5-year lease options further enhance the long-term stability of this investment. The property enjoys a prime location in a high-growth area with a strong retail presence, including nearby Starbucks, McDonald's, and Fred Meyer, ensuring high visibility and traffic. The Sumner location is situated within a 3-mile radius boasting an average household income of $132,701, reflecting a robust and affluent market. Washington state's income tax-free status adds further appeal to this investment. The asking price is $2,172,192, translating to a price per square foot of $1,528.64. This property offers a secure, passive income stream with significant long-term growth potential.

Location Insight

City

Sumner

County

Pierce

State

Washington

Longitude

-122.229

Latitude

47.2052

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments