4115 SW Admiral Way - Service Station FOR SALE


Seattle, WA 98116- North Admiral
$4,000,000 USD
206-296-9649
4115 SW Admiral Way, Seattle, WA for Sale
$4,000,000 USD
Service Station - FOR SALE
1/7
null | Request Cap Rate

4115 SW Admiral Way
Seattle, WA 98116
North Admiral


HIGHLIGHTS

  • Absolute net ground lease with Safeway Inc. as tenant, ensuring minimal landlord obligations.
  • Lease term in place through November 30, 2030, providing secure income for the next several years.
  • Located in West Seattle’s Admiral District, a dense and affluent neighborhood with strong consumer demand.
  • Positioned along SW Admiral Way with excellent visibility and steady traffic flow.
  • Zoning designation NC2P-55 (M) and NFA environmental certificate support long-term redevelopment potential.
  • Close proximity to Alki Beach, The Junction, and major Seattle employment hubs, including Downtown and South Lake Union.

OVERVIEW

This Safeway-branded gas station presents a rare opportunity to acquire a single-tenant, absolute net ground lease investment in the highly desirable West Seattle submarket. The property is leased to Safeway Inc., a nationally recognized grocer, under a ground lease structure that requires minimal landlord responsibilities, providing a stable and predictable income stream. The current lease runs through November 30, 2030, offering investors secure cash flow with no renewal options, creating potential for future redevelopment or repositioning upon lease expiration. Situated along SW Admiral Way, the property benefits from strong visibility and consistent traffic counts in a dense residential and retail corridor. The surrounding area features a vibrant mix of local businesses, national retailers, and popular destinations such as Alki Beach, the Admiral District, and The Junction. West Seattle’s proximity to Downtown Seattle, combined with its affluent demographics and limited commercial land availability, enhances the long-term value of this asset. With an NFA environmental certificate in place and zoning of NC2P-55 (M), this property offers both immediate income stability and future upside potential. Investors seeking a low-maintenance, credit-tenant investment in a thriving urban neighborhood will find this offering highly compelling.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$9,524 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,440 SF

ZONING

NC2P-55 (M

APN/PARCEL ID

608710-0910

ASK ABOUT THIS PROPERTY

Jason MillerKidder MathewsMore Info
206-296-9649

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Jason MillerKidder MathewsMore Info
206-296-9649

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