18205 Highway 99 - Storefront FOR SALE


Lynnwood, WA 98037- Outlying Lynnwood-Snohomish | 
$3,900,000 USD
206-604-7440
18205 Highway 99, Lynnwood, WA for Sale
$3,900,000 USD
Storefront - FOR SALE
1/3
null | 5.23% Cap Rate

18205 Highway 99
Lynnwood, WA 98037
Outlying Lynnwood-Snohomish


HIGHLIGHTS

  • NNN Strong National Tenant
  • Great Location 40,000 cars a day
  • Long term lease with many option and increased NOI

OVERVIEW

PROPERTY DESCRIPTION Location & Visibility -- Near Car Dealerships and Rental Car Company The subject property occupies a strategic corner position on SR-99 in Lynnwood, a major north-south commercial corridor serving the Greater Seattle metropolitan area. The site benefits from exceptional daily traffic exposure (35,000–40,000 vehicles ADT), multi-point street frontage, and high visibility signage opportunities that maximize tenant profitability and brand presence. • Prime Corner Configuration: Pie-shaped lot (0.72 acres) with multiple tenant access points and superior road visibility—rare commercial real estate advantage that enhances operational functionality and retail/service tenant appeal. Building & Site Characteristics • Building Size: 8,900 SF single-tenant net lease structure • Land Area: 0.72 acres; corner lot with pie-shaped configuration • Lot Shape: Multiple ingress/egress points; exceptional corner visibility • Construction: 1977; updated 2012 • Recent Capital: Roof replaced; structural and mechanical systems modernized • Parking: Adequate on-site parking for automotive service operations Exceptional investment opportunity at 18205 SR-99 Unit 105, Lynnwood, WA. This 8,900 SF retail/freestanding building boasts a prime location and a solid leasing history, with 100% occupancy. Renovated in 2012, this commercial property offers a lucrative income stream, featuring a current rent of $204,000 per year at a 5.23% cap rate, with increasing yields through lease renewals up to 2042. Zoned for commercial use, this property presents a compelling prospect for retail investors seeking a reliable, high-performing asset. Don't miss out on this turnkey investment with promising rental escalations and strong potential for long-term returns.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

5.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

CG

APN/PARCEL ID

003743-004-001-03

ASK ABOUT THIS PROPERTY

Alex DuffeXp CommercialMore Info
206-604-7440

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Alex DuffeXp CommercialMore Info
206-604-7440

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