4231 196th St SW - Restaurant FOR SALE


Lynnwood, WA 98036- Outlying Lynnwood-Snohomish | 
$6,794,329 USD
617-865-1145
4231 196th St SW, Lynnwood, WA for Sale
$6,794,329 USD
Restaurant - FOR SALE
1/4
null | 7% Cap Rate

4231 196th St SW
Lynnwood, WA 98036
Outlying Lynnwood-Snohomish


HIGHLIGHTS

  • Long-Term NNN Lease with 2% Annual Increases
  • Exceptional Demographics | Growing Residential Market
  • Seattle Metropolitan Location | Access to Major Employment Centers
  • Major Nearby Redevelopment | Northline Village

OVERVIEW

Surmount is pleased to present the exclusive listing for a Red Lobster located at 4231 196th Street Southwest, Lynnwood, WA 98036. The site consists of roughly 9,382 rentable square feet of building space on an estimated 1.69-acre parcel of land. Red Lobster is subject to an original 25-year Triple Net (NNN) lease with over 15 years of term remaining. The current annual rent is $475,298 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$6,794,329 USD

PRICE/SF

$724 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

BC

APN/PARCEL ID

003726-005-009-03

ASK ABOUT THIS PROPERTY

Josh KanterSurmountMore Info
617-865-1145

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Josh KanterSurmountMore Info
617-865-1145

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