For Sale
$1,950,000

5822 Road 68 Pasco, WA 99301

High-growth NNN lease, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a newly constructed, 1,500 square foot Take 5 Oil Change in Pasco, Washington. The property, built in 2024, sits on a 13,500 square foot lot and boasts a prime location on Road 68, experiencing over 22,000 vehicles per day. The single-tenant, Class A building operates under a 100% occupied, triple-net (NNN) lease with a highly-rated franchisee, the 2023 Franchise Rookie of the Year. The lease features a 10% rent increase every five years, starting June 1, 2024, and includes three five-year options. This provides a strong 6.15% cap rate and significant future growth potential. The property benefits from its proximity to a large, newly constructed Davita Dialysis center (11,500 sq ft, 36 stations) and other new developments including Starbucks and Popeyes. The property features four parking spaces and is zoned C-1. This fee-simple offering provides a secure, high-return investment in a thriving retail corridor within Franklin County. The location is further enhanced by its adjacency to a major grocery-anchored shopping center with tenants such as Grocery Outlet, Dollar Tree, and Planet Fitness. Washington's income tax-free status adds to the investment's appeal. The asking price is $1,950,000.

Highlights

  • Brand-new, three-bay Take 5 Oil Change build-to-suit; rent starts June 1, 2024.
  • Triple-net (NNN) lease with 10% rent increases every five years.
  • Experienced multi-unit franchisee operator; 2023 Franchise Rookie of the Year award recipient.
  • Adjacent to a new, large (11,500 SF, 36 stations) Davita Dialysis center.
  • High-visibility location on Road 68, with 22,000+ vehicles per day (VPD).
  • Strong surrounding development including new Starbucks and Popeyes.

Property Details for 5822 Road 68

Property type
Retail properties, Auto shops
Square Feet
1,500 SF
Class
A
Year Built
2024
Stories
1

Location Insight

City
Pasco
County
Franklin
State
Washington
Latitude
46.281170678202
Longitude
-119.18777105692

FAQs

What type of property is this?
Retail property - High-growth NNN lease, prime location.
Where is the retail property located?
The property is located at 5822 Road 68 Pasco, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Brand-new, three-bay Take 5 Oil Change build-to-suit; rent starts June 1, 2024.; Triple-net (NNN) lease with 10% rent increases every five years.; Experienced multi-unit franchisee operator; 2023 Franchise Rookie of the Year award recipient.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5822 Road 68
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