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11307 Canyon Rd E
Puyallup, WA 98373
McLendon Hardware · Retail Property For Sale
PROPERTY FACTS
ABOUT 11307 CANYON RD E , PUYALLUP, WA 98373
Secure Cash Flow In March 2017, McLendon announced its acquisition by Memphis-based Central Network Retail Group (CNRG). The company agreed to become a part of the group to facilitate McLendon’s expansion in the area. Gail McLendon, the company’s president, said in a statement that “CNRG has the financial strength to sustain and expand our business in the Puget Sound Region and beyond.” Long-Term Lease The store has +/- 19.5 years remaining on the in-place lease, providing the Landlord with consistent management-free cash flow during that time. There is no rent holiday in the lease. Passive Ownership The Tenant has executed a triple-net (NNN) lease with no Landlord responsibilities.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,263,200 | |
| Land Assessment | $5,381,400 | Total Assessment | $11,644,600 |
PROPERTY TAXES
