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Pine & Boylston 2 Retail Properties in Seattle, WA
Investment Highlights
- 100% Leased | 36,471 SF Across Two Assets
- Walk Score 99 | Transit Score 96: ±4 Blocks to Capitol Hill Link Station
- Long-Term NNN Fitness Anchor: Henry’s Gymnasium | Expires Nov 2035
- At the Heart of Pike/Pine Corridor: 2.1M Annual Visits Within a 500- Foot Radius (Placer.ai)
- Enterprise Rent-A-Car: National Credit Tenant | Leased Through 2035
- Foundations — Seattle’s Premier Startup Community: Sole Office Tenant | Recent Expansion
Executive Summary
Pine & Boylston presents two fully leased assets totaling 36,471 SF at E Pine Street and Boylston Avenue — one of the most heavily trafficked areas in Capitol Hill’s Pike/Pine corridor. The portfolio generates $1,224,058 in Year 1 NOI anchored by Henry’s Gymnasium (NNN, Nov 2035) and Enterprise Rent-A-Car, with all tenants carrying contracted rental increases. Located four blocks from the Capitol Hill Link station with direct access to Seattle’s CBD, South Lake Union, and Amazon’s Global HQ, the assets sit within one of Seattle’s most supply-constrained neighborhoods. Offered together or individually on a best-offer basis. Prime investment opportunity!
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$1,224,058
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $1,224,058 |
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 44,100 SF |
| Number of Properties | 2 | Total Land Area | 0.33 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 44,100 SF |
| Total Land Area | 0.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 610 E Pine St, Seattle, WA 98122 | Retail | 27,600 SF | 1922 | - |
|
Boylston Garage
1617 Boylston Ave, Seattle, WA 98122 |
Retail | 16,500 SF | 1921 | - |
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