Nnn Building Long Term National Tenant
$3,900,000
18205 SR-99 Unit 105, Lynnwood, WA 98037
8,900 sqft
Building Size
0.72 acres
Lot Area
Details:
Highlights:
- Current rent per year $204,000 5.23% cap rate
- Lease renewal 2028 rent per year $219,300 5.6% cap rate
- Lease renewal 2033 rent per year $235,740 6% cap rate
- Lease renewal 2038 rent per year $253,428 6.5% cap rate
- Lease renewal 2042 rent per year $272,424 7% cap rate
Description:
Introducing an exceptional investment opportunity at 18205 SR-99 Unit 105, Lynnwood, WA. This 8,900 SF retail/freestanding building boasts a prime location and a solid leasing history, with 100% occupancy. Renovated in 2012, this commercial property offers a lucrative income stream, featuring a current rent of $204,000 per year at a 5.23% cap rate, with increasing yields through lease renewals up to 2042. Zoned for commercial use, this property presents a compelling prospect for retail investors seeking a reliable, high-performing asset. Don't miss out on this turnkey investment with promising rental escalations and strong potential for long-term returns.
PROPERTY DESCRIPTION Location & Visibility -- Near Car Dealerships and Rental Car Company
The subject property occupies a strategic corner position on SR-99 in Lynnwood, a major north-south commercial corridor serving the Greater Seattle metropolitan area. The site benefits from exceptional daily traffic exposure (35,000–40,000 vehicles ADT), multi-point street frontage, and high visibility signage opportunities that maximize tenant profitability and brand presence. • Prime Corner Configuration: Pie-shaped lot (0.72 acres) with multiple tenant access points and superior road visibility—rare commercial real estate advantage that enhances operational functionality and retail/service tenant appeal.
Building & Site Characteristics
• Building Size: 8,900 SF single-tenant net lease structure
• Land Area: 0.72 acres; corner lot with pie-shaped configuration
• Lot Shape: Multiple ingress/egress points; exceptional corner visibility
• Construction: 1977; updated 2012
• Recent Capital: Roof replaced; structural and mechanical systems modernized
• Parking: Adequate on-site parking for automotive service operations
ALDERWOODMANOR 18 REPLAT BLK 004 D-03 - LOT 1 LESS S 171.32FT & LESS QCD 47/377TO CITY OF LYNNWOOD
Location
Gallery
