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7-ELEVEN W/ GAS - RANKED TOP 13% NATIONWIDE 2412 136th Ave Ct E 3,010 SF Retail Building Sumner, WA 98390 $7,518,775 CAD ($2,497.93 CAD/SF) 4.89% Cap Rate
Investment Highlights
- NNN Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. 2020 Construction with Gas Station.
- Densely Populated and Affluent Area: Average Household Income of more than $125k within a 1-Mile Radius and 162k+ People Residing within 5 Miles.
- Located Minutes from WA-410, a Major Arterial Linking Sumner, Bonney Lake, Puyallup, and Auburn, Capturing Commuter, Logistics, and Traffic.
- Strong Performing Location per Placer.ai: Top 13% Most Visited Site in the Chain.
- Strong Regional Connectivity to Interstate-5 & WA-167 - Immediate Access to/from WA-167 and near Interstate-5, enhancing Long-Term Viability.
- Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
Executive Summary
7-Eleven w/ Gas | NNN Lease | Strong Performing Location per Placer.ai: Top 13% Most Visited Site in the Chain | Bonus Depreciation | Signalized Hard Corner Location | Strong Regional Connectivity to Interstate-5 & WA-167 | Densely Populated & Affluent Area | Within the Seattle-Tacoma Industrial Growth Hub | Significant Daytime Population | Investment-Grade Tenant
Washington Broker of Record: Joel Deis | 401 Union St., 32nd Floor Seattle, WA 98101 | Lic #: 25469 | Firm License #: 397 | CBA Office No. 974500 | P: (206) 826-5700 Joel.Deis@MarcusMillichap.com
Washington Broker of Record: Joel Deis | 401 Union St., 32nd Floor Seattle, WA 98101 | Lic #: 25469 | Firm License #: 397 | CBA Office No. 974500 | P: (206) 826-5700 Joel.Deis@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,010 SF
Building Class
C
Year Built
2020
Price
$7,518,775 CAD
Price Per SF
$2,497.93 CAD
Cap Rate
4.89%
NOI
$367,706 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.85 AC
Zoning
C
Parking
30 Spaces (9.96 Spaces per 1,000 SF Leased)
Frontage
256’ on 24th St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 7-Eleven
- Retailer
- 3,010 SF
- -
- Triple Net
- Oct 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 7-Eleven | Retailer | 3,010 SF | - | Triple Net | Oct 2035 |
Property Taxes
| Parcel Number | 042012-7017 | Improvements Assessment | $1,440,924 CAD |
| Land Assessment | $1,433,404 CAD | Total Assessment | $2,874,328 CAD |
Property Taxes
Parcel Number
042012-7017
Land Assessment
$1,433,404 CAD
Improvements Assessment
$1,440,924 CAD
Total Assessment
$2,874,328 CAD
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7-ELEVEN W/ GAS - RANKED TOP 13% NATIONWIDE | 2412 136th Ave Ct E
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