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Listed by:Kidder Mathews • Jay Bennett
$ 1,289,000
Est. payment | /mo
0.45 Acres Lot
$ 1,289,000
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Pending
Purchase Type For Sale
Subdivision Fauntleroy
MLS Listing ID 2537697
Style 60 - Comm Bldg Und 10K
Year Built 1964
Lot Size 0.446 Acres
Property Sub-Type Commercial Industrial
Property Description
Prime commercial real estate secured by a corporate-guaranteed 7-Eleven lease with 9.5 years of remaining firm term. Located at a high-visibility, high-traffic intersection at 9200 35th Ave SW, this hands-off NNN asset offers immediate, stable cash flow at an attractive 5.6% CAP rate. This property has been meticulously qualified for a smooth transaction: a No Further Action (NFA) letter is in hand from the Department of Ecology, the underground storage tanks are double-walled fiberglass, and the tenant has officially declined their Right of First Offer (ROFO). Perfect for 1031 exchange buyers seeking a passive, low-risk corporate tenant in a robust, high-demand Seattle submarket.
Location
State WA
County King
Area 140 - West Seattle
Interior
Fireplace false
Exterior
Exterior Feature Wood
Roof Type Flat
Building
Sewer Sewer Connected
Water Community
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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