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7-Eleven 12848 Martin Luther King Jr Way 2,428 SF Retail Building Seattle, WA 98178 $6,891,378 CAD ($2,838.29 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN Lease | 10% Increase in 2031
Long-Term Operating History of 43 Years
Feet from the On-Ramp to Interstate 5 (193,114 VPD) -- the main north-south route in the region

Five, 5-Year Renewal Options | 7.5% Increase in Options 1-3 | FMRV Increase in Options 4 & 5
Located at the Signalized Intersection of Martin Luther King Jr. Way S (31,583 VPD) and South 129th Street
Seattle, WA MSA Advantage (MSA Population: 4.19M+)

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 2,428-square-foot 7-Eleven Gas Station & Convenience Store situated on 0.47 acre in Seattle, Washington (MSA Population: 4.19M+). 7-Eleven’s absolute NNN lease features ±10.4 years of primary term remaining with a 10% rent increase in 2031 and five, 5-year renewal options. Rent increases by 7.5% in the first three options and is set to FMRV in the fourth and fifth options.