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5710 196th St 24 010 pi² Commerce de détail Immeuble Lynnwood, WA 98036 11 496 579 $ CAD (478,82 $ CAD/pi²) 7% Taux de capitalisation
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Faits saillants de l'investissement
- Single-tenant net leased investment occupied by Krafter’s Land Cabinetry.
- Annual rent increases tied to CPI adjustments.
- Lease term extends through February 2033 with renewal options.
- Located along 196th Street SW with access to Interstate 5.
Résumé de l'annonce
5710 196th Street SW presents the opportunity to acquire a single-tenant net leased investment occupied by Krafter’s Land Cabinetry, a Pacific Northwest cabinetry and home-improvement supplier with multiple Washington locations. The property consists of a 24,261-square-foot building situated on approximately 2.07 acres and benefits from a long-term lease structure with contractual CPI-based rent increases and extension options. The tenant currently occupies the entire property, providing investors with a single-tenant operational model and established occupancy.
The asset is positioned along 196th Street SW in Lynnwood, one of the primary commercial corridors serving South Snohomish County. The location offers direct connectivity to Interstate 5 and convenient access to Highway 99, supporting regional access throughout the North Puget Sound area. The surrounding trade area includes Alderwood Mall, national retailers, restaurants, and service-oriented businesses that contribute to ongoing commercial activity and consumer traffic.
Lynnwood continues to serve as a key retail and service center between Seattle and Everett, benefiting from a substantial regional population base, workforce presence, and household density. The property's Highway Mixed Use (HMU) zoning designation allows for a range of commercial uses and includes a stated 90-foot height allowance, providing additional long-term land use flexibility. Combined with a fully leased occupancy profile, reimbursement structure, and location within an established commercial district, the property offers investors an opportunity to acquire an income-producing asset in a highly visible and accessible market.
The asset is positioned along 196th Street SW in Lynnwood, one of the primary commercial corridors serving South Snohomish County. The location offers direct connectivity to Interstate 5 and convenient access to Highway 99, supporting regional access throughout the North Puget Sound area. The surrounding trade area includes Alderwood Mall, national retailers, restaurants, and service-oriented businesses that contribute to ongoing commercial activity and consumer traffic.
Lynnwood continues to serve as a key retail and service center between Seattle and Everett, benefiting from a substantial regional population base, workforce presence, and household density. The property's Highway Mixed Use (HMU) zoning designation allows for a range of commercial uses and includes a stated 90-foot height allowance, providing additional long-term land use flexibility. Combined with a fully leased occupancy profile, reimbursement structure, and location within an established commercial district, the property offers investors an opportunity to acquire an income-producing asset in a highly visible and accessible market.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
24 010 pi²
Classe d’immeuble
C
Année de construction
1967
Prix
11 496 579 $ CAD
Prix par pi²
478,82 $ CAD
Taux de capitalisation
7%
Revenu net d’exploitation
804 761 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Quais de chargement
1 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,27
Taille du lot
2,07 AC
Zone de développement économique
Oui
Zonage
HMU - Usage mixte routier
Stationnement
132 places (5,62 places par 1 000 pi² loué)
Façade
247’ sur 196th Street
Commodités
- Lot de coin
- Affichage
- Intersection avec signalisation
Moyennement accessible à pied
70/100
Très bien adapté aux voitures
80/100
Transports en commun relativement accessibles
40/100
Plutôt accessible en vélo
50/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 005653-000-003-00 | Évaluation des bâtiments | 250 855 $ CAD |
| Évaluation du terrain | 5 714 156 $ CAD | Évaluation totale | 5 965 011 $ CAD |
Impôts fonciers
Numéro de lot
005653-000-003-00
Évaluation du terrain
5 714 156 $ CAD
Évaluation des bâtiments
250 855 $ CAD
Évaluation totale
5 965 011 $ CAD
Contacts
-
Josh Parnell -
Justin Holmes -
Justice Knox -
Lucy Malone -
First Western Properties
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5710 196th St
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