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California Burrito 9102 Rainier Ave S 1,290 SF Retail Building Seattle, WA 98118 $2,335,888 CAD ($1,810.77 CAD/SF) 8% Cap Rate
Investment Highlights
- Absolute NNN lease structure with no landlord responsibilities
- New 10-year lease with 3% annual increases
- Rainier Beach High School and South Shore Middle School within walking distance
- Rare in city drive-thru location
- Located on a high traffic corner next to Safeway grocer and new Starbucks
Executive Summary
Kidder Mathews is pleased to present a a single-tenant net leased California Burrito located in Seattle, Washington. This opportunity features an absolute NNN lease with no landlord responsibilities, and a recently signed 10-year lease with 3% annual increases.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,290 SF
Building Class
C
Year Built
2006
Price
$2,335,888 CAD
Price Per SF
$1,810.77 CAD
Cap Rate
8%
NOI
$186,871 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
NC3P-55
Parking
14 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 426570-0195 | Improvements Assessment | $1,380 CAD |
| Land Assessment | $1,592,234 CAD | Total Assessment | $1,593,615 CAD |
Property Taxes
Parcel Number
426570-0195
Land Assessment
$1,592,234 CAD
Improvements Assessment
$1,380 CAD
Total Assessment
$1,593,615 CAD
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California Burrito | 9102 Rainier Ave S
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