2418 136th Avenue Ct E | Sumner, WA 98390
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- LoopNet Team
2418 136th Avenue Ct E
Sumner, WA 98390
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand new built-to-suit Starbucks Drive-Thru, an investment grade credit tenant.
- Adjacent to newly constructed 7-Eleven gas station providing increased draw.
- Strong local demographic with average incomes of $96,000 and 159,000 residents within 5 miles.
- 10-year NNN lease with 10% rent increases every 5 years; scheduled rent bumps increase yield an estimated 46 basis points in year 6.
- Benefits from commuter traffic and exposure to 92,000 VPD, situated directly off Hwy 167 on-off ramps.
- Close proximity to numerous Seattle MSA employers.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,200 SF
Building Class
C
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.50 AC
Frontage
246’ on 24th st
PROPERTY TAXES
| Parcel Number | 042012-7018 | Improvements Assessment | $736,600 |
| Land Assessment | $629,600 | Total Assessment | $1,366,200 |
PROPERTY TAXES
Parcel Number
042012-7018
Land Assessment
$629,600
Improvements Assessment
$736,600
Total Assessment
$1,366,200
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