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7-Eleven - Bothell, WA 14501 Juanita Woodinville Way NE 1,764 SF Retail Building Bothell, WA 98011 $4,388,000 ($2,487.53/SF) 5.05% Cap Rate
EXECUTIVE SUMMARY
- CORPORATELY GUARANTEED LEASE WITH 7-ELEVEN, INC. | INVESTMENT GRADE CREDIT (S&P: A-) | 7-ELEVEN IS THE LARGEST C-STORE RETAIL CHAIN IN THE WORLD | 77,000+ STORES WORLDWIDE / 13,000+ LOCATIONS IN NORTH AMERICA
- LONG-TERM COMMITMENT | 10.4 YEARS OF PRIMARY TERM REMAINING | 10.00% RENTAL INCREASES EVERY 5 YEARS DURING THE BASE TERM | 7.50% RENTAL INCREASES DURING EACH OF THE FIRST 3 (5-YEAR) OPTIONS | FMV IN OPTIONS 4 & 5 | EXTREMELY PASSIVE ABSOLUTE NNN LEASE | FEE SIMPLE LEASE, ALLOWING FOR ACCELERATED DEPRECIATION
- LOCATED AT THE NE 145TH ST/JUANITA WOODINVILLE WAY NE INTERSECTION (31,267 VPD) | LOCATED 1.8 MILES SOUTH OF DOWNTOWN BOTHELL, 4 MILES NORTH OF KIRKLAND, AND 8 MILES NORTH OF DOWNTOWN BELLEVUE | 11.1 MILES NORTHEAST OF DOWNTOWN SEATTLE
- SEATTLE MSA LOCATION | AFFLUENT & LARGE DEMOGRAPHICS | CLOSE PROXIMITY TO MAJOR EMPLOYERS, HOUSING & ENTERTAINMENT COMPLEXES
- LONG-TERM COMMITMENT | 10.4 YEARS OF PRIMARY TERM REMAINING | 10.00% RENTAL INCREASES EVERY 5 YEARS DURING THE BASE TERM | 7.50% RENTAL INCREASES DURING EACH OF THE FIRST 3 (5-YEAR) OPTIONS | FMV IN OPTIONS 4 & 5 | EXTREMELY PASSIVE ABSOLUTE NNN LEASE | FEE SIMPLE LEASE, ALLOWING FOR ACCELERATED DEPRECIATION
- LOCATED AT THE NE 145TH ST/JUANITA WOODINVILLE WAY NE INTERSECTION (31,267 VPD) | LOCATED 1.8 MILES SOUTH OF DOWNTOWN BOTHELL, 4 MILES NORTH OF KIRKLAND, AND 8 MILES NORTH OF DOWNTOWN BELLEVUE | 11.1 MILES NORTHEAST OF DOWNTOWN SEATTLE
- SEATTLE MSA LOCATION | AFFLUENT & LARGE DEMOGRAPHICS | CLOSE PROXIMITY TO MAJOR EMPLOYERS, HOUSING & ENTERTAINMENT COMPLEXES
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,764 SF
Building Class
C
Year Built
1969
Price
$4,388,000
Price Per SF
$2,487.53
Cap Rate
5.05%
NOI
$221,594
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.58 AC
Zoning
NB
AMENITIES
- Security System
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 172605-9080 | Improvements Assessment | $412,600 |
| Land Assessment | $707,300 | Total Assessment | $1,119,900 |
PROPERTY TAXES
Parcel Number
172605-9080
Land Assessment
$707,300
Improvements Assessment
$412,600
Total Assessment
$1,119,900
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7-Eleven - Bothell, WA | 14501 Juanita Woodinville Way NE
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