13036 Lake City Way NE - Auto Dealership FOR SALE


Seattle, WA 98125- Lake City
$3,250,000 USD
425-239-1780
13036 Lake City Way NE, Seattle, WA for Sale
$3,250,000 USD
Auto Dealership - FOR SALE
1/15
null | 5.01% Cap Rate

13036 Lake City Way NE
Seattle, WA 98125
Lake City


OVERVIEW

Seattle NNN Investment | 5.01% Cap | Long-Term Tenant | Rent Growth Seattle NNN investment offering stable, predictable income from a long-term, recession-resistant tenant. Leased to Classic Collision through September 2031 with (3) five-year extension options, providing durability and long-term income security. Current base rent of $162,000 increases annually by 3%, growing the cap rate from 5.01% to approximately 5.81% over the initial lease term, with continued upside through the option periods. Functional multi-building auto facility positioned on high-traffic Lake City Way NE with strong visibility and excellent access to I-5, Northgate, and the University District. Zoned NC3-55 (M), allowing mixed-use redevelopment up to 55’, creating future flexibility and land value upside. Ideal for investors seeking reliable cash flow, low management, and long-term appreciation in a supply-constrained Seattle market.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$3,851 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Classic Collison

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Distribution, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

NC3-55(M)

APN/PARCEL ID

145360-1780

ASK ABOUT THIS PROPERTY

Duane PetzoldtWindermere Real Estate M2, LLCMore Info
425-239-1780

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Duane PetzoldtWindermere Real Estate M2, LLCMore Info
425-239-1780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.