135 E Hill St - Auto Repair FOR SALE


Monroe, WA 98272
$1,038,000 USD
425-233-9522
135 E Hill St, Monroe, WA for Sale
$1,038,000 USD
Auto Repair - FOR SALE
1/7
null | 7% Cap Rate

135 E Hill St
Monroe, WA 98272


HIGHLIGHTS

  • Recent 5-Year Extension | Significantly Below Market Rent
  • 2.00% Annual Rent Increases
  • Minimal Landlord Responsibilities (Roof Only)
  • Strong Corporate Guarantee | 650+ Locations
  • Established Collision Repair Site for 27+ Years
  • Constrained Retail Supply | 1.8% Market Vacancy

OVERVIEW

Brown Retail Group of Marcus & Millichap has been selected to exclusively market for sale a corporate Crash Champions in Monroe, WA. Crash Champions recently exercised its first 5-year option, extending the lease expiration to 9/30/2030 and showing strong commitment to the site. The tenant is currently paying just $10.22/SF + NNN in rent, with market rents achievable in the $20/SF - $24/SF + NNN range, providing a low operating cost for Crash Champions and meaningful long-term rental upside. The lease includes attractive 2.00% annual rent increases throughout the initial term and option periods, providing consistent NOI growth and strong inflation protection. The NNN lease features very minimal landlord responsibilities (roof only) and is backed by Crash Champions, LLC, a leading national collision repair operator with over 650 locations across 38 states. The property has been operated continuously as an automotive repair facility for over 27 years (since 1999), providing established traffic patterns and strong customer draw. It is located within blocks of both Hwy 2 and Hwy 203 (49,000+ VPD combined) and nearby numerous national retail tenants including Walmart, Safeway, and Lowe’s. The property benefits from strong market fundamentals, including a supply-constrained retail submarket vacancy rate of approximately 1.8%, supporting long-term tenant demand for well-located service-oriented uses. The property serves an established population of approximately 165,000 residents within a 10-mile radius, with average household incomes exceeding $169,000. Additionally, Washington’s status as an income tax-free state enhances after-tax returns, making this an attractive opportunity for investors seeking durable cash flow and long-term growth.

FOR SALE DETAILS

PRICE

$1,038,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crash Champions

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,268 SF

ZONING

DC

APN/PARCEL ID

270601-001-063-00

ASK ABOUT THIS PROPERTY

Trevor LaneMarcus & MillichapMore Info
425-233-9522

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Trevor LaneMarcus & MillichapMore Info
425-233-9522

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