1313 Valley Ave Sumner, WA 98390

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.