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Crash Champions 500 SW Grady Way 15,000 SF Retail Building Renton, WA 98057 $8,761,435 CAD ($584.10 CAD/SF) 5.35% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Brand-New 15-Year NNN Lease | Strong Corporate Guarantee (650+ Locations)
  • Tenant Expansion & Full-Building Occupancy | Planned Tenant Renovations
  • Meticulously Maintained Property with Zero Deferred Maintenance
  • Rare 12.5% Rent Increases | Income Tax Free State
  • Strategic Auto-Oriented Location and Historical Occupancy | Dense, Affluent Demographics
  • 10+ Year Transferable Roof Warranty

EXECUTIVE SUMMARY

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a corporate Crash Champions collision repair facility located in core Renton, WA (Seattle MSA). The Property features a brand-new 15-year NNN lease that commenced November 1, 2025, with a corporate guarantee from Crash Champions, one of the largest and fastest-growing collision repair operators in the United States with over 650 locations across 38 states. The Lease also includes rare 12.5% rent increases in Year 5 and Year 11 of the initial term and in each option period, providing a strong hedge against inflation and meaningful embedded NOI growth. In 2022 Crash Champions purchased the operations of a successful collision shop leasing a portion of the building, then expanded its occupancy in 2024, and recently completed its expansion to occupy the entire premises, including the 15,000 SF building, demonstrating long-term commitment to the site and continued operational success. The Property benefits from dense, affluent demographics, serving approximately 266,000 residents within a five-mile radius with average household incomes exceeding $116,000. Additionally, the asset is located in Washington, an income tax-free state, enhancing after-tax returns for investors seeking stable, long-term cash flow in a core Seattle-area submarket.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1998/2026
Price
$8,761,435 CAD
Price Per SF
$584.10 CAD
Cap Rate
5.35%
NOI
$468,619 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.47 AC
Zoning
CA

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Services
  • 15,000 SF
  • $31.22 CAD
  • Triple Net
  • Oct 2040

The story of Crash Champions dates back to 1999 as a single body shop in New Lenox, IL. Since its inception by present-day founder and CEO Matt Ebert, the company has held to the conviction that there is a better and more personal way to deliver the automotive repair experience for customers and business partners. This industry has always battled a perception issue. So, they set out to build a company, and a brand, that customers can trust and that their team members could take a deep sense of pride in. In 2014, after more than 15 years of steadily honing their craft and establishing a reputation for operational excellence across their home market of Chicago, New Lenox Auto Body officially rebranded to a name that more effectively expressed their mission: The Crash Champions Collision Repair Team. At Crash Champions, they are obsessed with creating a seamless repair experience that puts people wat the center of the process.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Services 15,000 SF $31.22 CAD Triple Net Oct 2040

NEARBY MAJOR RETAILERS

Columbia Bank
Toyota
L&l Hawaiian Barbecue
Dutch Bros
Starbucks
Fred Meyer
Genki Sushi
Applebee's
IHOP
KeyBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
192305-9084
Land Assessment
$3,924,328 CAD
Improvements Assessment
$2,249,471 CAD
Total Assessment
$6,173,799 CAD
  • Listing ID: 39068241

  • Date on Market: 2026-01-13

  • Last Updated:

  • Address: 500 SW Grady Way, Renton, WA 98057

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