Classic Collision | 14 Yr. Corporate NNN 3205 NE 4th St 11,381 SF 100% Leased Retail Building Renton, WA 98056 $3,300,000 ($289.96/SF) 5.59% Cap Rate

Linc Properties is pleased to present the opportunity to acquire a passive single-tenant net-leased investment property with a new 14-year base lease to one of the nation’s largest collision repair companies, Classic Collision. The property is centrally located in Renton, Washington one of Seattle’s desirable and growing “Eastside” submarkets.
The investment is secured by a new 14-year corporate lease with Classic Collision following its acquisition of the long-established Renton Collision center that has been in continuous successful operation at this location for over 32 years. The new acquisition included a newly structured long-term lease with 2.5% annual increases and a passive operating expense structure offering excellent inflation-resistant and predictable returns.
Classic Collision is one of the largest collision repair operators in the United States, operating more than 330 locations across over 20 states. The company continues to expand through the acquisition of established operators and is supported by institutional ownership through TPG, a leading global private investment firm with over $200 billion in assets under management.
The property has a very well-established operating history and is proven well suited for continued success benefiting from its central regional location, easy access to Interstate 405 and excellent visibility to over 31,000 vehicles driving each day.
This offering provides the passive investor with the opportunity to acquire a stable investment property with a new long term secure lease with established rental growth and inflation-resistant protection guaranteed by a large national operator all in a proven core Seattle/Bellevue area submarket.