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803 S 348th St 450 SF Retail Building Federal Way, WA 98003 $1,769,521 CAD ($3,932.27 CAD/SF) 5.07% Cap Rate
Investment Highlights
- Long-Term Corporate Lease Stability
- Built-In Revenue Growth
- Passive Net Investment Structure
Executive Summary
Property Specifications:
Price: $1,300,000
Building Size: Approximately 450 SF
Land Area: 25,000 SF (0.57 AC)
Year Built: 2024
Zoning: CE (Community Enterprise)
Parcel Number: 2021049087
Lease Highlights:
Tenant: Bigfoot Java (Corporate Guarantee)
Lease Type: Triple Net (NNN) Ground Lease
Term Remaining: 15-year initial term expiring in 2039
Rental Increases: 10% escalations every five years
Renewal Options: Four 5-year options to extend
Expense Structure: Tenant pays insurance and utilities directly and reimburses the landlord for property taxes.
Data Room Click Here to Access
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
In the early part of 2000 Bigfoot Investment Group, LLC was founded, bringing together decades of experience in retail chain operations, real estate site selection and development, financial management, and the specialty coffee industry. They established a corporate structure that would best enable the company to leverage and optimize the combined skill sets of its partners in order to develop a breakthrough concept that would build the retail brand equity for BigFoot Java®. In early 2002, less than two years after the group was formed, the first of the new-generation BigFoot Java® opened in Puyallup, Washington. It featured an upscale, neo-Northwest image, full-branding package and revised product menu, including several proprietary drinks such as the Legendary Latte® and Mythical Mocha®. Described as “fun, catchy, yet sophisticated” by its customers, the location was an instant success and delivered on virtually everything that the partners had envisioned for the brand.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 202104-9087 | Improvements Assessment | $305,620 CAD |
| Land Assessment | $779,297 CAD | Total Assessment | $1,084,918 CAD |
Property Taxes
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803 S 348th St
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