5822 Road 68Pasco, WA 99301

Property Details for 5822 Road 68

Year built

2024

Property size (Sq ft)

1,500 SF

Property type

Retail properties

Property subtype

Auto shops

Description

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.

Location Insight

City

Pasco

County

Franklin

State

Washington

Latitude

46.2812

Longitude

-119.188

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