5710 196th St - Freestanding FOR SALE


Lynnwood, WA 98036- Outlying Lynnwood-Snohomish
$8,300,000 USD
253-472-0404
5710 196th St, Lynnwood, WA for Sale
$8,300,000 USD
Freestanding - FOR SALE
1/12
null | 7% Cap Rate


HIGHLIGHTS

  • Single-tenant net leased investment occupied by Krafter’s Land Cabinetry.
  • Lease term extends through February 2033 with renewal options.
  • Annual rent increases tied to CPI adjustments.
  • Located along 196th Street SW with access to Interstate 5.

OVERVIEW

5710 196th Street SW presents the opportunity to acquire a single-tenant net leased investment occupied by Krafter’s Land Cabinetry, a Pacific Northwest cabinetry and home-improvement supplier with multiple Washington locations. The property consists of a 24,261-square-foot building situated on approximately 2.07 acres and benefits from a long-term lease structure with contractual CPI-based rent increases and extension options. The tenant currently occupies the entire property, providing investors with a single-tenant operational model and established occupancy. The asset is positioned along 196th Street SW in Lynnwood, one of the primary commercial corridors serving South Snohomish County. The location offers direct connectivity to Interstate 5 and convenient access to Highway 99, supporting regional access throughout the North Puget Sound area. The surrounding trade area includes Alderwood Mall, national retailers, restaurants, and service-oriented businesses that contribute to ongoing commercial activity and consumer traffic. Lynnwood continues to serve as a key retail and service center between Seattle and Everett, benefiting from a substantial regional population base, workforce presence, and household density. The property's Highway Mixed Use (HMU) zoning designation allows for a range of commercial uses and includes a stated 90-foot height allowance, providing additional long-term land use flexibility. Combined with a fully leased occupancy profile, reimbursement structure, and location within an established commercial district, the property offers investors an opportunity to acquire an income-producing asset in a highly visible and accessible market.

FOR SALE DETAILS

PRICE

$8,300,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

132

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

HMU

APN/PARCEL ID

005653-000-003-00

ASK ABOUT THIS PROPERTY

Josh ParnellFirst Western PropertiesMore Info
253-472-0404

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Josh ParnellFirst Western PropertiesMore Info
253-472-0404

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