4312 SW Admiral Way | Seattle, WA 98116
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- LoopNet Team
4312 SW Admiral Way
Seattle, WA 98116
7-Eleven Property - 4312 SW Admiral Wy · Retail Property For Sale
Investment Highlights
- Long-term tenant, 7-11 Inc, has occupied the property since 1969
- Tenant has two 5-year options to extend lease (1st option term Base Rent is $25,410; 2nd option term at Fair Market)
- On a bus line in a highly desirable neighborhood with the population expected to increase over 8% within 1 mile within 5 miles
- Single tenant on an Absoulte Net Lease with Annual Base Rent of $25,200 until 2/1/2025
- 8,973 corner lot with alley access zoned NC2P-55(M)
- Great opportunity to own a hands-off investment property with a long-term stable tenant in a prime location
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,560 SF
Building Class
B
Year Built
1969
Tenancy
Single
Number of Floors
1
Building FAR
0.28
Lot Size
0.21 AC
Zoning
NC2P-55(M) - A moderately-sized pedestrian-oriented shopping area that provides a full range of retail sales and services to the surrounding neighborhood.
Amenities
- 24 Hour Access
- Bus Route
- Corner Lot
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 637950-0135 | Improvements Assessment | £782 |
| Land Assessment | £1,228,603 | Total Assessment | £1,229,385 |
PROPERTY TAXES
Parcel Number
637950-0135
Land Assessment
£1,228,603
Improvements Assessment
£782
Total Assessment
£1,229,385
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