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221 Central Ave
Kent, WA 98032
Jack in the Box · Retail Property For Sale
EXECUTIVE SUMMARY
Corporate Lease with Jack-in-the-Box
Absolute Net – Zero Landlord Responsibilities
Brand New 5-Year Lease Extension – Expiration June 30, 2031
New Construction as of 2011
Signalized Corner Location Adjacent to Kent Station
Cap Rate: 6.50%
Price: $1,312,000
Environmental Disclosure: Petroleum contamination exists at the site. Please see page 5 of the brochure for more information. The Seller shall provide Buyer with an escrow holdback to use for clean-up costs.
Absolute Net – Zero Landlord Responsibilities
Brand New 5-Year Lease Extension – Expiration June 30, 2031
New Construction as of 2011
Signalized Corner Location Adjacent to Kent Station
Cap Rate: 6.50%
Price: $1,312,000
Environmental Disclosure: Petroleum contamination exists at the site. Please see page 5 of the brochure for more information. The Seller shall provide Buyer with an escrow holdback to use for clean-up costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,484 SF
Building Class
C
Year Built
2011
Price
$1,312,000
Price Per SF
$884.10
Cap Rate
6.50%
NOI
$85,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.31 AC
Zoning
GCMU
Parking
9 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 917960-1505 | Improvements Assessment | $665,100 |
| Land Assessment | $419,600 | Total Assessment | $1,084,700 |
PROPERTY TAXES
Parcel Number
917960-1505
Land Assessment
$419,600
Improvements Assessment
$665,100
Total Assessment
$1,084,700
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