11890-11900 Renton Ave S
Seattle, WA 98178
76 Station & C-Store | Below Market Rent · Retail Property For Sale

Marcus & Millichap is pleased to present the 76 Fuel Station & Convenience Store located in Seattle, Washington. The offering comprises of a 1,695 square foot convenience store with an 8-pump fuel station situated on a 21,999 square foot parcel. The property fronts Renton Ave S., a primary north/south arterial carrying approximately 20,000 vehicles per day. The location also benefits from strong demographics with over 300,000 residents within 5 miles and an average household income of $88,000 within 1 mile. The property is currently leased to a strong, regional operator with approximately 20 locations throughout the Puget Sound. The triple-net (NNN) lease features below-market rent of $4,000 per month + NNN with two years remaining on the initial ten-year term. The leases provides the tenant one ten-year option to renew the lease at fair-market rent. Rent for similar properties in region is 87.5% higher than the rent currently being paid by the tenant, creating significant rental upside in the renewal period.