3321 184th St SW - Freestanding FOR SALE


Lynnwood, WA 98037
$6,950,000 USD
206-518-9567
3321 184th St SW, Lynnwood, WA for Sale
$6,950,000 USD
Freestanding - FOR SALE
1/5
null | 4.7% Cap Rate

3321 184th St SW
Lynnwood, WA 98037


HIGHLIGHTS

  • Kura Sushi USA, Inc. signed a new 15-year lease with zero landlord obligations
  • The lease is corporately guaranteed by Kura Sushi USA, Inc.
  • The opportunity to acquire a free-standing retail pad in the Alderwood trade area is extremely rare.
  • Kura Sushi is making a large capital investment to fully renovate the building
  • Kura Sushi's lease contains 10% increases every 5 years increasing the initial cap rate by approximately 50 basis points every 5 years
  • Although not a part of the offering, H-Mart is strong and high-performing and provides significant draw and stability to the property

OVERVIEW

Kura Sushi presents an exceptional investment opportunity, benefiting from a new 15-year absolute net lease. Located in an unparalleled location across the street from Alderwood Mall, this offering includes contracted rental increases and is backed by a strong credit tenant. The property features a fully remodeled free-standing pad building, shadow anchored by H-Mart grocery.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$1,721 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kura Sushi

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

PCD

APN/PARCEL ID

007460-000-002-00

ASK ABOUT THIS PROPERTY

Billy SleethNewmarkMore Info
206-518-9567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Billy SleethNewmarkMore Info
206-518-9567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.