This Retail Property is Off-Market.

33012 Pacific Hwy S
Federal Way, WA 98003 ·

8,970 SF · Retail For Sale

N/A

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Cash America Pawn

Price N/A Occupancy 100%
Building Size 8,970 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2000
Property Use Type Net Lease Investment with 8 years left on lease Lot Size 30,240 SF
Cap Rate 8.25%
Listing ID: 17913901 Date Created: 11/13/2012 Last Updated: 04/24/2013

Description

Cash America is a single tenant NNN building located in Federal Way, Washington. The offering provides an invetor the opportunity to purchase a net leased property in the Seattle Metropolitan Market.

There are 8 years remaining on Cash America's lease with 2% annual rent increases. The 8,970 square foot freestanding building benefits from fronting Pacific Highway, a major retail corridor with traffic counts in excess of 25,000 vehicles per day. Cash America has a total of 1,086 locations, including 36 in the Northwest. The Subject Property is a proven location, the original lease has been extended for 10 years and the site is reported to be Cash America's #1 store in the region.

Highlights

  • Seattle Metropolitan Investment Opportunity
  • 8 Years Remaining on Lease: 2% Annual Increases
  • Reported to be the #1 Store in the Region
  • Corporate Backed Lease: Cash America International Inc.
  • High Traffic Counts: 25,000 on Pacific Highway

Research

33012 Pacific Hwy S, Federal Way, WA 98003 (King County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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