← Back to search
Photography available after free registration below
Virtual Drive-By

Valvoline Absolute NNN

13227 SE 272ND ST · KENT, WA 98042-8077 · Auto Parts / Service

Asking price
$2,700,000
Cap rate
5.50%
NOI
$148,500

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining14.8 yrs
Expiration04/2041
Rent bumps10% every 5 years
Options4; 5 YR
Ground leaseYes
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF
Price / SF
Year built2026
Lot size
TypeQuick lube
Days on market60

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

Property Highlights

  • ​Brand New 2026 Construction: Valvoline Instant Oil Change build-to-suit on ±1.718-acre ground lease in Kent, Washington.
  • ​Absolute NNN Ground Lease Structure: Zero landlord responsibilities for taxes, insurance, utilities, maintenance, or capital expenditures.
  • ​15-Year Initial Term: Four (4), 5-year renewal options provides up to 35 years of total potential term.
  • ​Structured Rent Escalations: 10% at each option period.
  • ​Guaranteed: The lease is guaranteed by a publicly traded nationally recognized essential auto services brand.
  • ​Kent, WA Submarket: High-traffic SE 272nd Street corridor with strong regional accessibility and dense suburban demographics.

Property overview

Northmarq is pleased to present the opportunity to acquire a brand-new 2026 construction Valvoline Instant Oil Change located immediately east of the signalized intersection of Highway 516 and 132nd Avenue SE in Kent, Washington.​ The Property consists of a 1,676 SF building situated on ±1.718 acres and is subject to a 15-year absolute NNN ground lease with four 5-year renewal options, providing investors up to 35 years of total term.​

The Property offers zero landlord responsibilities and 10% rent escalations built into every option period.​ The lease is backed and guaranteed by a publicly traded, nationally recognized tenant, located in one of the Pacific Northwest’s most active suburban markets

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.

Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.