Description
Exceptional investment opportunity with a 6.57% cap rate! Free-standing building with large parking lot occupied by 3 tenants with NNN lease. Ideally located on the corner of two busy streets and near Starbucks, Safeway, US Post Office, gas stations, restaurants, and more! Tenant have long-term leases and have always paid rent on time. All property expenses are billed back to the tenant and tenants are responsible for all repairs and maintenance. Cap rate of 6.57% calculated based on 2022 profit & loss (the 2023 cap rate is even higher due to rent increases).
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0BEDS
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0.42ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Listing information ©2023 Northwest MLS. Listing courtesy of Vip International R/E Group.
Sold by .Description
Exceptional investment opportunity with a 6.57% cap rate! Free-standing building with large parking lot occupied by 3 tenants with NNN lease. Ideally located on the corner of two busy streets and near Starbucks, Safeway, US Post Office, gas stations, restaurants, and more! Tenant have long-term leases and have always paid rent on time. All property expenses are billed back to the tenant and tenants are responsible for all repairs and maintenance. Cap rate of 6.57% calculated based on 2022 profit & loss (the 2023 cap rate is even higher due to rent increases).
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tribeca NW Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-20T20:14:19.44. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-03-20T20:14:19.44. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.