Burger King

$2,197,866

22442 84th Ave S, Kent, WA 98032

For Sale

Retail Retail Pad

Active

Last Updated: 06/12/2025

Cap Rate: 6%

NOI: $131,872

Building Size: 3,944 sqft

Lot Area: 0.92 acres

Occupancy: 100%

Class: C

Units: 1

Year Built: 1988

Floors: 1

Offered by Broker

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Prime Net Lease Inc.

#01351021

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LONG TERM LEASE - There are 10+ years remaining on the initial term of the lease. Which is followed by two, 5-years options.
PERCENTAGE RENT: The subject property benefits from a 8.5% percentage rent clause which allows for the the landlord to increase their income along with inflation.
FRANCHISE GUARANTEE: Ambrosia QSR is a leading Burger King Franchisee in the Pacific Northwest. They also operate Arby’s and Popeyes as well, oversees a network of more than 200 restaurants across four states.
NATIONAL TENANTS NEARBY: Newly constructed Starbucks drive-thru and 7-Eleven gas station at 22431 84th Ave S, enhancing foot traffic and consumer draw.
ZERO LANDLORD RESPONSIBILITY - Absolute Triple Net Lease. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off ”investment.
NEARBY EMPLOYERS: Close proximity to major employers including Boeing, REI Headquarters, and an Amazon Fulfillment Center.
EXCELLENT VISIBILITY: Situated just off Highway 167, this property benefits from high traffic exposure and easy ingress/egress, making it a strategic location for retail operations
STRONG DEMOGRAPHICS: Strong local demographic with average household incomes of $93,000 and a population of 262,000 residents within a 5-mile radius.