2412 136th Ave Ct E - Convenience Store FOR SALE
Sumner, WA 98390 |
$5,500,000 USD
858-373-3184
2412 136th Ave Ct E
Sumner, WA 98390
HIGHLIGHTS
- NNN Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. 2020 Construction with Gas Station.
- Strong Performing Location per Placer.ai: Top 13% Most Visited Site in the Chain.
- Densely Populated and Affluent Area: Average Household Income of more than $125k within a 1-Mile Radius and 162k+ People Residing within 5 Miles.
- Strong Regional Connectivity to Interstate-5 & WA-167 - Immediate Access to/from WA-167 and near Interstate-5, enhancing Long-Term Viability.
- Located Minutes from WA-410, a Major Arterial Linking Sumner, Bonney Lake, Puyallup, and Auburn, Capturing Commuter, Logistics, and Traffic.
- Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
OVERVIEW
7-Eleven w/ Gas | NNN Lease | Strong Performing Location per Placer.ai: Top 13% Most Visited Site in the Chain | Bonus Depreciation | Signalized Hard Corner Location | Strong Regional Connectivity to Interstate-5 & WA-167 | Densely Populated & Affluent Area | Within the Seattle-Tacoma Industrial Growth Hub | Significant Daytime Population | Investment-Grade Tenant
Washington Broker of Record: Joel Deis | 401 Union St., 32nd Floor Seattle, WA 98101 | Lic #: 25469 | Firm License #: 397 | CBA Office No. 974500 | P: (206) 826-5700 Joel.Deis@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$5,500,000 USD
PRICE/SF
$1,827 USD /SF
CAP RATE
4.89%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-ELEVEN W/ GAS - RANKED TOP 13% NATIONWIDE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.85 AC
LAND SF
37,026 SF
ZONING
C
APN/PARCEL ID
042012-7017
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858-373-3184
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858-373-3184
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