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20416 98th St E 2,313 SF Retail Building Bonney Lake, WA 98391 $3,350,000 ($1,448.34/SF) 4.66% Cap Rate
INVESTMENT HIGHLIGHTS
- Locatedin Mountainview Marketplace in Bonney Lake, WA
- 9 plus years remaining with 3/5 year option.
- Absolute NNN corporate ground lease. No Landlord resposibility.
EXECUTIVE SUMMARY
Absolute NNN corporate ground lease.
9 plus remaining on initial lease term with 3/5 year option.
10% rent increase every 5 year including option period.
9 plus remaining on initial lease term with 3/5 year option.
10% rent increase every 5 year including option period.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,313 SF
Building Class
C
Year Built
2020
Price
$3,350,000
Price Per SF
$1,448.34
Cap Rate
4.66%
NOI
$156,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 051903-6061 | Improvements Assessment | $882,600 |
| Land Assessment | $1,343,000 | Total Assessment | $2,225,600 |
PROPERTY TAXES
Parcel Number
051903-6061
Land Assessment
$1,343,000
Improvements Assessment
$882,600
Total Assessment
$2,225,600
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20416 98th St E
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