221 Central Ave - Fast Food FOR SALE


Kent, WA 98032- Downtown Kent
$1,400,000 USD
206-747-4338
221 Central Ave, Kent, WA for Sale
$1,400,000 USD
Fast Food - FOR SALE
1/6
null | 6.1% Cap Rate

221 Central Ave
Kent, WA 98032
Downtown Kent


HIGHLIGHTS

  • The building was rebuilt in 2011 based on Jack in the Box’s new restaurant model
  • Absolute NNN lease structure with no landlord responsibilities
  • Located on a high-visible corner with drive-thru near Kent Station Mall

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire a single-tenant net leased Jack in the Box, located in rapidly growing Kent, Washington. The tenant has operated at this location since 1971, and in 2011 Jack in the Box completely rebuilt the store. The Tenant recently exercised an option to renew the lease for another 5 years of firm term.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$943 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack in the Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

GCMU

APN/PARCEL ID

917960-1505

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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David GellnerKidder MathewsMore Info
206-747-4338

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