505 Rainier Ave N - Restaurant FOR SALE


Renton, WA 98057
$3,000,000 USD
206-550-2515
505 Rainier Ave N, Renton, WA for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/8
null | 6% Cap Rate

505 Rainier Ave N
Renton, WA 98057


HIGHLIGHTS

  • Standalone Building
  • Sale Leaseback
  • Long Term Lease
  • 39 parking stalls
  • Rainier Ave Visibility
  • Credit Tenant

OVERVIEW

Award winning Kizuki Ramen is presenting the opportunity to invest in the parent company's Renton Restaurant and Central Kitchen location. Kizuki will be executing a longterm lease at the site showcasing their long term commitment to the Pacific Northwest and Renton location. Having purchased the building in 2015, Kizuki has completed nearly $1,350,000 in building upgrades, fully renovating the dedicated restaurant space and completing an intense expansion of the building to include the companys central kitchen, ground zero for the companies operations. Kizuki Ramen is currently operating in six states (Washington, Oregon, California, Texas, Illinois and Indiana) with one more pending and multiple location lease pending or in buildout. Kizuki has been operating at the location for almost ten (10) years and pairing the restaurant with the company's central kitchen serves as the heart and soul of the entire concept. Kizuki is demonstrating their commitment to the region through this long term leaseback commitment.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kizuki Ramen Restaurant and Central Kitchen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

22,982 SF

ZONING

CA, Renton

APN/PARCEL ID

420240-1500

ASK ABOUT THIS PROPERTY

Jacob MorganJSH Properties, Inc.More Info
206-550-2515

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Jacob MorganJSH Properties, Inc.More Info
206-550-2515

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