9911 214th Ave E - Freestanding FOR SALE


Bonney Lake, WA 98391
$6,119,000 USD
208-870-6933
9911 214th Ave E, Bonney Lake, WA for Sale
$6,119,000 USD
Freestanding - FOR SALE
1/6
null | 5.25% Cap Rate

9911 214th Ave E
Bonney Lake, WA 98391


HIGHLIGHTS

  • NEWLY RENOVATED The showroom was renovated in November 2021, focusing on high-quality construction, durability, and long-term operational efficiency.
  • Sale lease back comes with a corporate guaranteed, 20-year Absolute NNN Lease (zero landlord responsibilities) with 10% rent escalations every 5 yrs.
  • A well-known tire and automotive service provider with a strong reputation for providing outstanding customer service.
  • Bonney Lake's strategic location off Hwy 410, with easy access to Tacoma, Seattle, and the broader Puget Sound region.
  • Located immediately off the primary highway running through Bonney Lake with traffic counts at this intersection exceeding 22,000 vpd.
  • With over 550 locations in the Western U.S. and 8,700 employees, Les Schwab has maintained its position as a significant player in the automotive indu

OVERVIEW

Kidder Mathews is excited to present an opportunity to acquire the fee-simple interest in a Les Schwab Tire Center located in the rapidly growing community of Bonney Lake, Washington. This sale lease back comes with a corporate guaranteed, 20-year Absolute NNN lease with 10% rent escalations every 5 years. This opportunity offers investors stable cash flow, fixed return on a long-term lease, strong creditworthy tenant with proven track record and no landlord responsibilities.

FOR SALE DETAILS

PRICE

$6,119,000 USD

PRICE/SF

$419 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Les Schwab Tire Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,365 SF

ZONING

C2-C3

APN/PARCEL ID

051902-6042

ASK ABOUT THIS PROPERTY

Sherry SchoenKidder MathewsMore Info
208-870-6933

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Sherry SchoenKidder MathewsMore Info
208-870-6933

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