Classic Collison 13036 Lake City Way NE 8 586 pi² Commerce de détail Immeuble Seattle, WA 98125 4 464 590 $ CAD (519,98 $ CAD/pi²) 5,01% Taux de capitalisation

Seattle NNN Investment | 5.01% Cap | Long-Term Tenant | Rent Growth
Seattle NNN investment offering stable, predictable income from a long-term, recession-resistant tenant. Leased to Classic Collision through September 2031 with (3) five-year extension options, providing durability and long-term income security. Current base rent of $162,000 increases annually by 3%, growing the cap rate from 5.01% to approximately 5.81% over the initial lease term, with continued upside through the option periods. Functional multi-building auto facility positioned on high-traffic Lake City Way NE with strong visibility and excellent access to I-5, Northgate, and the University District. Zoned NC3-55 (M), allowing mixed-use redevelopment up to 55’, creating future flexibility and land value upside. Ideal for investors seeking reliable cash flow, low management, and long-term appreciation in a supply-constrained Seattle market.