Property Details

We are pleased to present the opportunity to acquire a Single Tenant Absolute Net Leased Ground Lease Investment located in Ridgefield, WA. The subject property, situated at 4784 Pioneer Street, is 100% leased to Take 5 Oil Change, one of the fastest-growing quick lube service brands in the country and part of the Driven Brands (NASDAQ: DRVN) family of automotive service concepts, the largest automotive aftermarket services company in North America. The property features a new-construction ±1,600 SF building situated on a ±17,486 SF (±0.40-acre) ground lease parcel and is structured as an absolute NNN ground lease with zero landlord responsibilities. The initial lease term runs fifteen (15) years from the Commencement Date.Strategically positioned along Pioneer Street near its interchange with Interstate 5, one of Clark County’s fastest-growing retail corridors, the property benefits from strong and expanding co-tenancy in the immediate trade area, anchored by Grocery Outlet, with more than a dozen additional national retailers announced nearby. Ridgefield, Washington has grown to more than 15,000 residents and is one of the fastest-growing communities in the Portland-Vancouver Metropolitan Area, with population increasing over 6% annually and nearly 60% since the 2020 Census. With a median household income of $116,389, well above the national average, the Ridgefield trade area offers a strong, affluent, and rapidly expanding consumer base, making this an ideal opportunity for investors seeking a net lease investment in a high barriers-to-entry market.