1313 Vly E Ave Sumner, WA 98390-2799
- Auto shops
- 1,073 SF
- 0.31 lot acres
Current Use by Public Records
- Valvoline Instant Oil Change / Oil Change Service / Auto Air Conditioning Service
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,895,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,345,000
- 6.5%
- $2,400,000
- 7%
- $2,110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,415,000
- Geo Method
- $2,340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,280,000
- Retail
- $1,725,000
- Mixed-Use
- $1,765,000
- Hospitality
- $2,255,000
- Educational
- $2,340,000
- Residential Income
- $1,995,000
- Energy
- $2,275,000
- Income-Based Land
- $2,335,000
- Food Service
- $1,960,000
Location Insight
- Map
- Local Demand
- City
- Sumner
- County
- Pierce
- State
- Washington
- Longitude
- -122.229
- Latitude
- 47.2052
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
