911 Griffin Ave - Freestanding FOR SALE


Enumclaw, WA 98022
$9,260,000 USD
949-506-2009
911 Griffin Ave, Enumclaw, WA for Sale
$9,260,000 USD
Freestanding - FOR SALE
1/11
null | 5.5% Cap Rate

911 Griffin Ave
Enumclaw, WA 98022


HIGHLIGHTS

  • Brand New, 15-Year Lease | 5% Rent Increases every 5 Years | Corporate Signature (Nasdaq: TSCO)
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Strategic Enumclaw Location

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased Tractor Supply Co. (Nasdaq: TSCO) investment property located in Enumclaw, Washington. The corporate entity recently signed a 15-year lease with options to extend at close of escrow. The lease features 5% scheduled rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Tractor Supply Company has more than 2,400 locations across the U.S. and maintains strong financial performance with a national average unit volume of approximately $6.5MM.

FOR SALE DETAILS

PRICE

$9,260,000 USD

PRICE/SF

$622 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply | New, 15-Yr Lease | 5% Bumps

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

HCB

APN/PARCEL ID

712730-0005

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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