Boise Valvoline | NNN-Leased Asset

Investment Overview

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.

Investment 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.