$4,701,700 USD
703-477-1315
12848 Martin Luther King Jr Way
Seattle, WA 98178
Bryn Mawr-Skyway
HIGHLIGHTS
- Absolute NNN Lease with Rent Increases
- Long-Term Operating History of 43+ Years
- Positioned less than 10 miles from downtown Seattle (MSA Population: 4.19M+)
- Excellent access and visibility at the signalized intersection of Martin Luther King Jr. Way South (31,583 VPD) and South 129th Street.
- Feet from on-ramp to Interstate 5 (193,114 VPD), which serves as the main north-south route in the region and connects Seattle, Tacoma & Everett.
- Affluent Demographics | Rainier Beach Location
OVERVIEW
CBRE is pleased to present the 2,428-square-foot 7-Eleven situated on 0.47 acres in Seattle, Washington (MSA Population: 4.19M+). 7-Eleven's absolute NNN lease features ±10.1 years of primary term remaining with a 10% rent increase in 2031 and five, 5-year renewal options. Rent increases by 7.5% in the first three options and is set to FMRV in the fourth and fifth options.
.
FOR SALE DETAILS
PRICE
$4,701,700 USD
PRICE/SF
$1,936 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven: Seattle, WA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
0.47 AC
LAND SF
20,473 SF
ZONING
CB, Seattle
APN/PARCEL ID
217200-0671
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
703-477-1315
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
703-477-1315
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
