375 Rainier Ave S - Fast Food FOR SALE


Renton, WA 98057- South Renton
$4,620,000 USD
206-826-5787
375 Rainier Ave S, Renton, WA for Sale
$4,620,000 USD
Fast Food - FOR SALE
1/4
null | 4% Cap Rate

375 Rainier Ave S
Renton, WA 98057
South Renton


HIGHLIGHTS

  • 9+ Year Lease with 10% Rent Increases every 5 years
  • Zero Landlord Responsibilities | Corporate Guarantee from Chick-fil-A, Inc.
  • High Visibility Location with Strong Traffic Counts (58,000+ VPD) | Dense, Affluent Demographics
  • Proximity to Southcenter Mall (Ranked Top 1% Nationwide) and Boeing 737 Plant
  • High Quality 2019 Construction on 0.93 Acres
  • Income Tax Free State

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale an Absolute NNN ground lease Chick-fil-A located in Renton, WA, a dense Seattle-Tacoma MSA submarket. The lease has over 9 years remaining on the original 15-year lease, featuring 10% rent increases every five years and eight 5-year renewal options, ensuring long-term, inflation-protected income. The Absolute NNN ground lease structure provides zero landlord responsibilities, delivering truly passive cash flow. Backed by a corporate guarantee from Chick-fil-A, Inc.—the nation’s leading quick-service chicken chain with over 3,200 locations and a franchisee turnover rate under 5%—this investment is anchored by one of the most respected brands in the QSR industry. Strategically located at a high-visibility, signalized intersection with 58,000+ VPD, the site offers excellent access and visibility. It is minutes from Westfield Southcenter Mall (featuring over 7.5M annual visitors and ranked in the top 1% of shopping centers nationally, per Placer.ai) and Boeing’s 737 manufacturing plant, both major economic drivers in the region. Built in 2019 to Chick-fil-A’s latest design standards, the property features a double drive-thru, 48 parking spaces, and sits on a 0.93-acre parcel. Surrounded by a dense, affluent population of over 262,000 residents with average household incomes exceeding $122,000, and located in income tax-free Washington State, this asset offers a compelling combination of stability, growth, and long-term value.

FOR SALE DETAILS

PRICE

$4,620,000 USD

PRICE/SF

$1,264 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

CA

APN/PARCEL ID

000720-0149

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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