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Investment Highlights

  • Recent 5-Year Extension | Significantly Below Market Rent
  • Minimal Landlord Responsibilities (Roof Only)
  • Established Collision Repair Site for 27+ Years
  • 2.00% Annual Rent Increases
  • Strong Corporate Guarantee | 650+ Locations
  • Constrained Retail Supply | 1.8% Market Vacancy

Executive Summary

Brown Retail Group of Marcus & Millichap has been selected to exclusively market for sale a corporate Crash Champions in Monroe, WA. Crash Champions recently exercised its first 5-year option, extending the lease expiration to 9/30/2030 and showing strong commitment to the site. The tenant is currently paying just $10.22/SF + NNN in rent, with market rents achievable in the $20/SF - $24/SF + NNN range, providing a low operating cost for Crash Champions and meaningful long-term rental upside. The lease includes attractive 2.00% annual rent increases throughout the initial term and option periods, providing consistent NOI growth and strong inflation protection. The NNN lease features very minimal landlord responsibilities (roof only) and is backed by Crash Champions, LLC, a leading national collision repair operator with over 650 locations across 38 states. The property has been operated continuously as an automotive repair facility for over 27 years (since 1999), providing established traffic patterns and strong customer draw. It is located within blocks of both Hwy 2 and Hwy 203 (49,000+ VPD combined) and nearby numerous national retail tenants including Walmart, Safeway, and Lowe’s. The property benefits from strong market fundamentals, including a supply-constrained retail submarket vacancy rate of approximately 1.8%, supporting long-term tenant demand for well-located service-oriented uses. The property serves an established population of approximately 165,000 residents within a 10-mile radius, with average household incomes exceeding $169,000. Additionally, Washington’s status as an income tax-free state enhances after-tax returns, making this an attractive opportunity for investors seeking durable cash flow and long-term growth.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,970 SF
Building Class
C
Year Built/Renovated
1913/2020
Price
$1,443,100 CAD
Price Per SF
$207.04 CAD
Cap Rate
7%
NOI
$101,025 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.21 AC
Zoning
DC - Commercial

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Services
  • 6,970 SF
  • $14.50 CAD
  • Double Net
  • Sep 2030

L'histoire de Crash Champions remonte à 1999 en tant qu'atelier de carrosserie unique à New Lenox, en IL. Depuis sa création par l'actuel fondateur et chef de la direction Matt Ebert, l'entreprise est convaincue qu'il existe une façon meilleure et plus personnelle d'offrir l'expérience de réparation automobile aux clients et aux partenaires commerciaux. Cette industrie a toujours été aux prises avec un problème de perception. Ils ont donc décidé de bâtir une entreprise et une marque en laquelle les clients peuvent avoir confiance et dont les membres de leur équipe pourraient être très fiers. En 2014, après plus de 15 ans de perfectionnements constants et d'établissement d'une réputation d'excellence opérationnelle sur son marché national de Chicago, New Lenox Auto Body a officiellement changé de nom pour exprimer plus efficacement sa mission : The Crash Champions Collision Repair Team. Chez Crash Champions, ils sont obsédés par la création d'une expérience de réparation transparente qui place les gens au centre du processus.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Services 6,970 SF $14.50 CAD Double Net Sep 2030
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

U.S. Bank
WaFd Bank
Columbia Bank
Bank of America
Chase Bank
TacoTime
IHOP
Planet Fitness
Starbucks
Grocery Outlet

Property Taxes

Property Taxes

Parcel Number
270601-001-063-00
Land Assessment
$471,236 CAD
Improvements Assessment
$399,205 CAD
Total Assessment
$870,441 CAD
  • Listing ID: 40218146

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 135 E Hill St, Monroe, WA 98272

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