8011 20th St SE - Freestanding FOR SALE
Lake Stevens, WA 98258 |
8011 20th St SE
Lake Stevens, WA 98258
HIGHLIGHTS
- ABSOLUTE NET SALE-LEASEBACK ON A BRAND NEW 15-YEAR LEASE TERM.
- EXTREMELY PROFITABLE, HIGH-VOLUME LOCATION - EXPERIENCED LOCAL OPERATOR.
- 10% RENTAL INCREASES EVERY 5 YEARS - YIELD INCREASES 105 BASIS POINTS DURING PRIMARY TERM.
- LAKE STEVENS HAS EXPERIENCED EXPLOSIVE RESIDENTIAL DEVELOPMENT OVER THE LAST FEW YEARS WITH HUNDREDS OF NEWLY DEVELOPED SINGLE-FAMILY HOMES
- LOCATED ON 20TH ST SE, A THOROUGHFARE THAT CONNECTS DIRECTLY TO U.S. 2 (81,000 VPD) AND IS BETWEEN STATE ROAD 204 AND STATE ROAD 9
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Union Coffee Bar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
6494
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
32
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
004314-003-001-01
