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135 E Hill St
Monroe, WA 98272
Crash Champions - Monroe · Retail Property For Sale


Investment Highlights
- Recent 5-Year Extension
- 2.00% Annual Rent Increases
- Strong Corporate Guarantee | 650+ Locations
- Significantly Below Market Rent
- Minimal Landlord Responsibilities (Roof Only)
- Established Collision Repair Site for 27+ Years
Executive Summary
Brown Retail Group of Marcus & Millichap has been selected to exclusively market for sale a corporate Crash Champions in Monroe, WA. Crash Champions recently exercised its first 5-year option, extending the lease expiration to 9/30/2030 and showing strong commitment to the site. The tenant is currently paying just $10.22/SF + NNN in rent, with market rents achievable in the $20/SF - $24/SF + NNN range, providing a low operating cost for Crash Champions and meaningful long-term rental upside. The lease includes attractive 2.00% annual rent increases throughout the initial term and option periods, providing consistent NOI growth and strong inflation protection. The NNN lease features very minimal landlord responsibilities (roof only) and is backed by Crash Champions, LLC, a leading national collision repair operator with over 650 locations across 38 states. The property has been operated continuously as an automotive repair facility for over 27 years (since 1999), providing established traffic patterns and strong customer draw. It is located within blocks of both Hwy 2 and Hwy 203 (49,000+ VPD combined) and nearby numerous national retail tenants including Walmart, Safeway, and Lowe’s. The property benefits from strong market fundamentals, including a supply-constrained retail submarket vacancy rate of approximately 1.8%, supporting long-term tenant demand for well-located service oriented uses. The property serves an established population of approximately 165,000 residents within a 10-mile radius, with average household incomes exceeding $169,000. Additionally, Washington’s status as an income tax-free state enhances after tax returns, making this an attractive opportunity for investors seeking durable cash flow and long-term growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,970 SF
Building Class
C
Year Built
1913
Price
$1,000,000
Price Per SF
$143.47
Cap Rate
7.27%
NOI
$72,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.21 AC
Zoning
DC - Commercial
Property Taxes
| Parcel Number | 270601-001-063-00 | Improvements Assessment | $289,300 |
| Land Assessment | $341,500 | Total Assessment | $630,800 |
Property Taxes
Parcel Number
270601-001-063-00
Land Assessment
$341,500
Improvements Assessment
$289,300
Total Assessment
$630,800
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