Historical Retail Sale Listing - Cash America Pawn

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Cash America Pawn

33012 Pacific Hwy S, Federal Way, WA 98003

N/A

8,970 SF | Retail

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Cash America

Retail Property - Off Market

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

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

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.

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

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Created 11/13/2012