22431 84th Ave S | Kent, WA 98032
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- LoopNet Team
22431 84th Ave S
Kent, WA 98032
Starbucks - Kent · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BRAND NEW BUILD-TO-SUIT STARBUCKS DRIVE-THRU, AN INVESTMENT GRADE CREDIT TENANT (S&P: BBB+).
- ADJACENT TO A NEWLY CONSTRUCTED 7-ELEVEN GAS STATION PROVIDING INCREASED DRAW.
- STRONG LOCAL DEMOGRAPHIC WITH AVERAGE INCOMES OF $93,000 AND 262,000 RESIDENTS WITHIN 5 MILES.
- 10-YEAR NNN LEASE WITH 10% RENT INCREASES EVERY 5 YEARS; SCHEDULED RENT BUMPS INCREASE YIELD AN ESTIMATED 45 BASIS POINTS AT YEAR 6.
- BENEFITS FROM COMMUTER TRAFFIC AND EXPOSURE TO 125,000 VPD, SITUATED DIRECTLY OFF HWY 167 ON-OFF RAMPS.
- CLOSE PROXIMITY TO NUMEROUS SEATTLE MSA EMPLOYERS, INCLUDING BOEING, R.E.I. HEADQUARTERS, AND AN AMAZON FULFILLMENT CENTER.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,000 SF
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.42 AC
Zoning
I1
PROPERTY TAXES
| Parcel Number | 132204-9001 | Improvements Assessment | $824,200 |
| Land Assessment | $853,500 | Total Assessment | $1,677,700 |
PROPERTY TAXES
Parcel Number
132204-9001
Land Assessment
$853,500
Improvements Assessment
$824,200
Total Assessment
$1,677,700
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