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9102 Rainier Ave S
Seattle, WA 98118
California Burrito · Retail Property For Sale
Investment Highlights
- Absolute NNN lease structure with no landlord responsibilities
- New 10-year lease with 3% annual increases
- Rainier Beach High School and South Shore Middle School within walking distance
- Rare in city drive-thru location
- Located on a high traffic corner next to Safeway grocer and new Starbucks
Executive Summary
Kidder Mathews is pleased to present a a single-tenant net leased California Burrito located in Seattle, Washington. This opportunity features an absolute NNN lease with no landlord responsibilities, and a recently signed 10-year lease with 3% annual increases.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,290 SF
Building Class
C
Year Built
2003
Price
$2,076,923
Price Per SF
$1,610.02
Cap Rate
6.50%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
NC3P-55
Parking
14 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 426570-0195 | Improvements Assessment | $1,000 |
| Land Assessment | $1,153,400 | Total Assessment | $1,154,400 |
Property Taxes
Parcel Number
426570-0195
Land Assessment
$1,153,400
Improvements Assessment
$1,000
Total Assessment
$1,154,400
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Contact the Sale Advisor
California Burrito | 9102 Rainier Ave S