* CALL FOR OFFERS: 08/27/2026 * The Verger Team is pleased to present the opportunity to acquire an absolute NNN, corporate-leased investment located in the highly desirable Queen Anne neighborhood of Seattle, Washington. The 5,960 SQFT property is leased to Columbia Bank operating more than 350 branches nationwide. The tenant has occupied the property since 2010 and recently exercised a 5-year lease extension, reinforcing its long-term commitment to this established branch location. The lease structure provides investors with truly passive ownership through zero landlord responsibilities while benefiting from 2.5% annual rent escalations, creating consistent, inflation-protected income growth. Beyond its stable cash flow, the investment offers a compelling long-term land value component. Situated on a prominent hard corner in Seattle's Queen Anne neighborhood, the property is located within an urban village and is zoned NC2P-55 (M), providing future ownership with a clear path toward higher-density redevelopment of approximately five to six stories. Offered at an attractive basis relative to the underlying land value, the asset presents investors with the rare combination of dependable in-place income and meaningful future redevelopment potential. The property's investment profile is further strengthened by the continued success of the operating branch. Bank deposits have increased by more than 31% over the past three years, demonstrating the location's growing customer base and strategic importance within Columbia Bank's network. Combined with Queen Anne's affluent demographics, limited land availability, and proximity to downtown Seattle, South Lake Union, and Seattle's major employment centers, the property offers investors a unique opportunity to acquire a passive, institutional-quality investment with both durable current income and significant long-term appreciation potential. Covered Land Play: - Prime Queen Anne hard corner is located in an urban village. Zoned as NC2P-55 (M), the site offers a clear path to future multi-family redevelopment of up to 5-6 stories. Guarantor: - Corporate backed guarantee, with more than 350 branches within the USA. Zero Landlord Responsibility: - The tenant operates on an absolute NNN lease structure. Long Term Commitment: - Columbia Bank (formerly Umpqua Bank) has occupied the property since 2010 and recently exercised a 5-year extension demonstrating their commitment to this location. Increasing Bank Deposits: - This location showcases an increasing trendline in bank deposits, up 31% over the past 3 years. Inflation Protection: - Future ownership will benefit from 2.5% annual rent escalations.