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100k Reduction 7.5% Cap Rate 6996 265th St NW 4,800 SF 100% Leased Retail Building Stanwood, WA 98292 $1,600,000 ($333.33/SF) 7.50% Cap Rate
Executive Summary
NEW PRICE 100K Reduction
This is a prime opportunity to acquire a stabilized commercial asset in the heart of Stanwood. Featuring a reliable long-term tenant and a 7.5% cap rate, this property is ideal for an investor seeking a passive, "turn-key" addition to their portfolio. 4800sft plus 1200sft additional seating space. Long-term lease in place, offering excellent stability and predictable cash flow. High-visibility commercial space in Stanwood, offering strong local foot traffic and excellent accessibility. This is a commercial condo.
Call Rachael Scott with questions
This is a prime opportunity to acquire a stabilized commercial asset in the heart of Stanwood. Featuring a reliable long-term tenant and a 7.5% cap rate, this property is ideal for an investor seeking a passive, "turn-key" addition to their portfolio. 4800sft plus 1200sft additional seating space. Long-term lease in place, offering excellent stability and predictable cash flow. High-visibility commercial space in Stanwood, offering strong local foot traffic and excellent accessibility. This is a commercial condo.
Call Rachael Scott with questions
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Movie Theater
Building Size
4,800 SF
Building Class
B
Year Built
1999
Price
$1,600,000
Price Per SF
$333.33
Cap Rate
7.50%
NOI
$120,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
5.66 AC
Zoning
GC, Snohomish
Parking
140 Spaces (29.17 Spaces per 1,000 SF Leased)
Frontage
230’ on 256th St NW
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
e are the longest standing Mexican restaurant in Stanwood. Established in 2001 and we pride ourselves on our family atmosphere but also cultivating a great bar scene. To make a reservation, please call us at (360) 629-5052.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010970-000-101-00 | Improvements Assessment | $596,300 |
| Land Assessment | $297,100 | Total Assessment | $893,400 |
Property Taxes
Parcel Number
010970-000-101-00
Land Assessment
$297,100
Improvements Assessment
$596,300
Total Assessment
$893,400
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100k Reduction 7.5% Cap Rate | 6996 265th St NW