500 SW Grady Way - Auto Repair FOR SALE


Renton, WA 98057- South Renton
$6,310,000 USD
206-826-5787
500 SW Grady Way, Renton, WA for Sale
$6,310,000 USD
Auto Repair - FOR SALE
1/3
null | 5.35% Cap Rate

500 SW Grady Way
Renton, WA 98057
South Renton


HIGHLIGHTS

  • Brand-New 15-Year NNN Lease | Strong Corporate Guarantee (650+ Locations)
  • Rare 12.5% Rent Increases | Income Tax Free State
  • Tenant Expansion & Full-Building Occupancy | Planned Tenant Renovations
  • Strategic Auto-Oriented Location and Historical Occupancy | Dense, Affluent Demographics
  • Meticulously Maintained Property with Zero Deferred Maintenance
  • 10+ Year Transferable Roof Warranty

OVERVIEW

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a corporate Crash Champions collision repair facility located in core Renton, WA (Seattle MSA). The Property features a brand-new 15-year NNN lease that commenced November 1, 2025, with a corporate guarantee from Crash Champions, one of the largest and fastest-growing collision repair operators in the United States with over 650 locations across 38 states. The Lease also includes rare 12.5% rent increases in Year 5 and Year 11 of the initial term and in each option period, providing a strong hedge against inflation and meaningful embedded NOI growth. In 2022 Crash Champions purchased the operations of a successful collision shop leasing a portion of the building, then expanded its occupancy in 2024, and recently completed its expansion to occupy the entire premises, including the 15,000 SF building, demonstrating long-term commitment to the site and continued operational success. The Property benefits from dense, affluent demographics, serving approximately 266,000 residents within a five-mile radius with average household incomes exceeding $116,000. Additionally, the asset is located in Washington, an income tax-free state, enhancing after-tax returns for investors seeking stable, long-term cash flow in a core Seattle-area submarket.

FOR SALE DETAILS

PRICE

$6,310,000 USD

PRICE/SF

$421 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crash Champions

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

CA

APN/PARCEL ID

192305-9084

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 Notice.