Boise Valvoline | NNN-Leased Asset

Highlights:

• Long-Term Absolute NNN Lease – 100% leased to Valvoline, LLC, providing stable, passive income with no landlord responsibilities.
• Strong National Credit Tenant – Backed by a nationally recognized automotive service operator with a proven operating history and strong brand presence.
• High-Quality Asset – Well-maintained 3,317 SF freestanding retail building completed in 2019, featuring modern construction, strong curb appeal, and durable materials designed for long-term performance and minimal capital needs.
• Attractive 5.50% Cap Rate – Offered at a compelling 5.50% cap rate, presenting an opportunity to acquire a stabilized, long-term NNN investment in one of Idaho’s most desirable and growth-oriented markets.
• High-Exposure State Street Location – Positioned along W State Street, a primary arterial connecting downtown Boise to the western suburbs, with 33,628 vehicles per day, offering excellent visibility and accessibility.

Description:

This offering is a 100% leased, absolute NNN Valvoline Instant Oil Change property located at 3930 W State St in Boise, Idaho, offered at $2,325,600 with $127,908 NOI at a 5.50% cap rate. The asset consists of a 3,317 SF freestanding retail building situated on 0.6 acres, completed in 2019, and zoned MX-3 (Mixed-Use 3), Boise’s premier high-density mixed-use designation. The property is 100% leased to Valvoline, LLC, operating under Valvoline Inc. (NYSE: VVV), a publicly traded automotive service platform with more than 1,800 locations nationwide and a 150+ year operating history. The long-term absolute NNN lease structure provides passive ownership with no landlord responsibilities and features scheduled rental increases and multiple extension options, creating durable income growth and long-term stability.

Strategically positioned along W State Street (33,628 VPD), one of Boise’s primary arterial corridors, the property benefits from strong visibility, excellent access, and a close-in location just 2.2 miles from Downtown Boise. The site is supported by dense surrounding neighborhoods including the North End and Garden City, with strong household incomes and population growth within a 1-, 3-, and 5-mile radius. Backed by the strength of the Boise MSA—home to approximately 845,000 residents, a diversified economy, and consistent retail demand—this asset represents a stabilized, credit-backed net lease investment in one of the Pacific Northwest’s most desirable and growth-oriented markets.

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