Northmarq’s Pacific Northwest Commercial Investment Sales team completes $1.9M sale of Take 5 Oil in Pasco, WA

PASCO, Wash. (March 20, 2025) — Northmarq’s Pacific Northwest team led by Sean Mack successfully completed the $1.9 million sale of Take 5 Oil, an automotive maintenance service located at 5822 Rd 68 in Pasco, Washington. The property is a triple-net lease location built in 2024 and featuring a 1,500-sq.-ft. building.

Northmarq represented the seller Chris G. Waddle with Hogback Development Co., who is the lead developer of the entire project.

“Take 5 was one of the pads of Sandifur Crossing, a grocery anchored center on Road 68 in Pasco,” Mack said. “This overall project represents a best-in-class for development in the market. Through our marketing efforts we chose a local exchange buyer that was familiar with the market and this overall project.”

Take 5 Oil offers oil changes as well as additional maintenance services like air filter replacements, wiper blade changes, and coolant exchanges. This Take 5 Oil location features a 6.15% cap rate and a 10-year lease, with scheduled rent growth provided by 10% increases ever five years.

The 13,500-sq.-ft. property is located at a high-exposure location with frontage on Road 68 and average daily traffic of approximately 22,000 vehicles per day. It is nearby new developments in the area, including Starbucks, Popeye’s, and a future DaVita Dialysis location.

Located in the Tri-Cities/Yakima Valley Region in Central Washington, this Take 5 Oil has a population of roughly 118,000 within five miles, with population growth increasing by over 10% over the past five years.