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

Valvoline Absolute NNN

840 Overland Ave · Burley, ID 83318 · Auto Parts / Service

Asking price
$2,781,000
Cap rate
6.00%
NOI
$166,847

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 remaining15.0 yrs
Expiration12/2040
Rent bumps10% Every 5 Years
Options3 Options of 5 Years Each
Ground leaseNo
Credit profileCorporate Guarantee
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 SF1,267
Price / SF$2,290
Year built2025
Lot size0.57 ac
TypeStorefront, Auto Shop
Days on market45

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

Prime Retail Location: High-visibility and easily accessible location at the four-way intersection of Overland Avenue & West 9th Street (combined 26,000+ AADT).

Strong Demographic Base: The five-mile radius serves a populous region of 25,383, with an average annual household income of $88,441.

Prime Burley Location: Less than one mile from Burley Municipal Airport and walking distance from Snake River, which welcomes approximately 150,000 annual visitors.

Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.

Growing Market Dynamic: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Oil Changers and Burley for steady concurrent growth.

Property overview

New 15-year absolute NNN lease to Oil Changers, a regional Idaho leader with 200+ locations across North America.​

10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.​

Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.​

Corporate-backed lease by Oil Changer Holding Corporation provides investor confidence in a proven automotive service brand.​

As of December 1, 2025, Valvoline Inc.​ (NYSE: VVV) has closed on its $625 million acquisition of Breeze Autocare, parent of Oil Changers, adding nearly 200 stores across 17 states and expanding Valvoline’s North American footprint to over 2,200 locations.​

Brand-new 1,267 SF facility built in 2025, tailored to Oil Changers’ operational needs for quick oil change services.​

No nearby competition in the immediate region poises this location for significant future success.​

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.