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3321 184th St SW 3,833 SF Retail Building Lynnwood, WA 98037 $6,516,000 ($1,699.97/SF) 5% Cap Rate
Investment Highlights
- New 15-year Absolute Net Lease
- Free- Standing Pad Building
- H-Mart Grocery Anchored
- Strong Kura Sushi Credit
- Contracted Rental Increases
- Superior Alderwood Mall Location
Executive Summary
Kura Sushi presents an exceptional investment opportunity, benefiting from a new 15-year absolute net lease. Located in an unparalleled location across the street from Alderwood Mall, this offering includes contracted rental increases and is backed by a strong credit tenant. The property features a fully remodeled free-standing pad building, shadow anchored by H-Mart grocery.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,833 SF
Building Class
C
Year Built
1986
Price
$6,516,000
Price Per SF
$1,699.97
Cap Rate
5%
NOI
$325,805
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.63 AC
Zoning
PCD
Parking
17 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
116’ on 184th St
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 007460-000-002-00 | Improvements Assessment | $247,000 |
| Land Assessment | $1,104,900 | Total Assessment | $1,351,900 |
Property Taxes
Parcel Number
007460-000-002-00
Land Assessment
$1,104,900
Improvements Assessment
$247,000
Total Assessment
$1,351,900
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3321 184th St SW
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