333 15th St NE - Sports and Entertainment FOR SALE


Auburn, WA 98002- North Auburn
$12,000,000 USD
206-618-3353
333 15th St NE, Auburn, WA for Sale
$12,000,000 USD
Sports and Entertainment - FOR SALE
1/2
null | 7.5% Cap Rate

333 15th St NE
Auburn, WA 98002
North Auburn


HIGHLIGHTS

  • ***BUILDING & LAND ONLY***
  • $2,000,000+ renovation in 2022/2023
  • NNN Lease with minimal landlord responsibilities.
  • Only non-tribal casino permitted in Auburn (Grandfathered Use)

OVERVIEW

***BUILDING & LAND ONLY*** New 15-year NNN lease with the operator of the Imperial Palace Casino. The property has been a staple of the community for over 25 years, and is the only non-tribal state licensed casino permitted in Auburn. A recent change in the business ownership led to a $2m+ renovation and a long-term lease to secure the future of a very successful operation which is considered a recession-resistant investment.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$977 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Imperial Palace Casino

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

114

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,126 SF

ZONING

C3, Auburn

APN/PARCEL ID

000080-0015

ASK ABOUT THIS PROPERTY

Ryan JonesKidder MathewsMore Info
206-618-3353

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Ryan JonesKidder MathewsMore Info
206-618-3353

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