22633 Marine View Dr S - Fast Food FOR SALE


Des Moines, WA 98198- Des Moines Beach
$4,500,000 USD
206-909-2698
22633 Marine View Dr S, Des Moines, WA for Sale
$4,500,000 USD
Fast Food - FOR SALE
1/10
null | 4.46% Cap Rate

22633 Marine View Dr S
Des Moines, WA 98198
Des Moines Beach


HIGHLIGHTS

  • Corporate-guaranteed lease with zero landlord responsibilities
  • Strong location in a dense suburban market near Seattle-Tacoma Airport and Des Moines Marina
  • Long-term cash flow stability with built-in CPI rent escalations
  • Absolute NNN lease ensures passive investment with limited risk and predictable income
  • Limited fast-food competition in the immediate trade area
  • High-traffic corridor with strong consumer demand and significant retail activity

OVERVIEW

This offering presents a rare opportunity to acquire a 100% leased, single-tenant retail asset occupied by Jack in the Box, Inc. in the highly accessible and densely populated submarket of Des Moines. The ±2,397 SF building is situated on ±23,630 SF of land at the intersection of Marine View Drive and S 227th Street, benefiting from excellent visibility and proximity to Des Moines Marina and Seattle-Tacoma International Airport, along with limited fast-food competition in the immediate area. The property features a long-term lease through November 2029, with four 5-year renewal options and CPI-based rent escalations, providing stable cash flow within the growing Puget Sound corridor. Investment Thesis: Dense, infill suburban market with stable consumer demand Supply-constrained retail environment supporting long-term rent growth Strong traffic drivers (Airport, Marina, commuter corridors) Limited direct fast-food competition ? high tenant sustainability

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$1,877 USD /SF

CAP RATE

4.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,630 SF

ZONING

CG, Des Moines

APN/PARCEL ID

200660-1080,200660-1095

ASK ABOUT THIS PROPERTY

Xia CutterDbw Private Brokerage LlcMore Info
206-909-2698

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Xia CutterDbw Private Brokerage LlcMore Info
206-909-2698

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