Log In/Sign Up
Your email has been sent.
7-Eleven: Seattle, WA 12848 Martin Luther King Jr Way 2,428 SF Retail Building Seattle, WA 98178 $6,227,055 CAD ($2,564.69 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Absolute NNN Lease with Rent Increases
- Positioned less than 10 miles from downtown Seattle (MSA Population: 4.19M+)
- Feet from on-ramp to Interstate 5 (193,114 VPD), which serves as the main north-south route in the region and connects Seattle, Tacoma & Everett.
- Long-Term Operating History of 43+ Years
- Excellent access and visibility at the signalized intersection of Martin Luther King Jr. Way South (31,583 VPD) and South 129th Street.
- Affluent Demographics | Rainier Beach Location
Executive Summary
CBRE is pleased to present the 2,428-square-foot 7-Eleven situated on 0.47 acres in Seattle, Washington (MSA Population: 4.19M+). 7-Eleven's absolute NNN lease features ±9.9 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.
.
.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,428 SF
Building Class
C
Year Built
1982
Price
$6,227,055 CAD
Price Per SF
$2,564.69 CAD
Cap Rate
5.50%
NOI
$342,488 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
CB, Seattle - Central Business
Parking
18 Spaces (7.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Security System
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 217200-0671 | Improvements Assessment | $251,362 CAD |
| Land Assessment | $711,712 CAD | Total Assessment | $963,074 CAD |
Property Taxes
Parcel Number
217200-0671
Land Assessment
$711,712 CAD
Improvements Assessment
$251,362 CAD
Total Assessment
$963,074 CAD
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
7-Eleven: Seattle, WA | 12848 Martin Luther King Jr Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.