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180 NE Midway Blvd
Oak Harbor, WA 98277

$1,100,000 USD

Auto Repair For Sale  •  2,000 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 2,000 SF
  • Building Class C
  • Year Built 1985
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning OH
30 Transit Score
50 Walk Score

Highlights

Rare fee simple Corporate Valvoline, allowing for depreciation.
The lease is guaranteed by corporate credit tenant Valvoline LLC, the second-largest oil change service provider in the United States.
No landlord responsibilities.
9 years remain on the lease with 4 x 5-year options to extend.
Positioned on Midway Blvd (8,375 VPD), less than a mile from Hwy 20, a major North and South Freeway that sees 21,148 VPD.
Washington imposes no state personal or corporate income tax, creating a favorable business and investment environment.
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Valvoline 2,000 SF 7/31/2035

Public Transportation

AirportDriveWalkDistance
Seattle Paine Field International 93 min - 46.8 mi
Vincent Naccarato 872-204-4284 Sands Investment Group
Vincent Naccarato 872-204-4284 Sands Investment Group