400 E 37th St - Restaurant FOR SALE


Vancouver, WA 98663- Shumway
$1,025,000 USD
408-314-8582
400 E 37th St, Vancouver, WA for Sale
$1,025,000 USD
Restaurant - FOR SALE
1/6
null | 6.81% Cap Rate

400 E 37th St
Vancouver, WA 98663
Shumway


HIGHLIGHTS

  • Prime Location
  • Notable Firehouse Property
  • Strong Tenancy

OVERVIEW

High Quality NNN Leased Investment For Sale! DO NOT DISTURB TENANT. Call to tour. Can be sold with NNN Leased Investment at 7501-7507 NE Glisan St. Portland, OR ($1,625,000 with 6.3 CAP) PROPERTY/BUILDING: -Original Engine 2 Firehouse! -Fully renovated in 2022 inside and out -Exceptional location, frontage and appearance on Main Street, Vancouver -Large corner lot with ample parking/patio/yard -2 ADA restrooms. -Kitchen, bar, event areas -4 aversized automatic grade level roll-up doors -Drive thru warehouse bays -Backup generator -Basement storage LEASE/TENANT: -100% leased by Firehouse Axes since July, 2022 through June, 2028. -True Triple Net Lease. Tenant conducts all property maintenance. No property manager required! -3% annual Base Rent increases. -Sticky lease. Tenant invested $400,000 in 2022 renovation. -Excellent tenant financials. Available upon executed PSA. -Likely to renew for a longer term. -Under market rent

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

6.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Firehouse Axes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,000 SF

ZONING

CC

APN/PARCEL ID

011280-000

ASK ABOUT THIS PROPERTY

Phil CoutrakonBango Building, LLCMore Info
408-314-8582

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Phil CoutrakonBango Building, LLCMore Info
408-314-8582

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