7746 Martin Way SE | Lacey, WA 98516
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7746 Martin Way SE
Lacey, WA 98516
Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,608 SF
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.68 AC
Zoning
MUHDC
Parking
24 Spaces (10 Spaces per 1,000 SF Leased)
ABOUT 7746 MARTIN WAY SE , LACEY, WA 98516
The offering is a Sonic Drive-In operated by an established, rapidly growing multi-unit Operator with 18-plus years remaining on an initial 20-year term. Sonic operates on an Absolute NNN lease and provides zero Landlord responsibilities. Scheduled rent bumps increase an investor's yield approximately 173 basis points with continued increases at the start of each option period.
PROPERTY TAXES
| Parcel Number | 73680000300 | Improvements Assessment | $724,300 |
| Land Assessment | $825,900 | Total Assessment | $1,550,200 |
PROPERTY TAXES
Parcel Number
73680000300
Land Assessment
$825,900
Improvements Assessment
$724,300
Total Assessment
$1,550,200
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