Kizuki Ramen Restaurant and Central Kitchen | 505 Rainier Ave N
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Kizuki Ramen Restaurant and Central Kitchen 505 Rainier Ave N
5,001 SF Retail Building Renton, WA 98057 £2,347,350 (£469/SF) 6% Net Initial Yield
Investment Highlights
- Standalone Building
- Long Term Lease
- Rainier Ave Visibility
- Sale Leaseback
- 39 parking stalls
- Credit Tenant
Executive Summary
Award winning Kizuki Ramen is presenting the opportunity to invest in the parent company's Renton Restaurant and Central Kitchen location. Kizuki will be executing a longterm lease at the site showcasing their long term commitment to the Pacific Northwest and Renton location. Having purchased the building in 2015, Kizuki has completed nearly $1,350,000 in building upgrades, fully renovating the dedicated restaurant space and completing an intense expansion of the building to include the companys central kitchen, ground zero for the companies operations.
Kizuki Ramen is currently operating in six states (Washington, Oregon, California, Texas, Illinois and Indiana) with one more pending and multiple location lease pending or in buildout. Kizuki has been operating at the location for almost ten (10) years and pairing the restaurant with the company's central kitchen serves as the heart and soul of the entire concept. Kizuki is demonstrating their commitment to the region through this long term leaseback commitment.
Kizuki Ramen is currently operating in six states (Washington, Oregon, California, Texas, Illinois and Indiana) with one more pending and multiple location lease pending or in buildout. Kizuki has been operating at the location for almost ten (10) years and pairing the restaurant with the company's central kitchen serves as the heart and soul of the entire concept. Kizuki is demonstrating their commitment to the region through this long term leaseback commitment.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Building Size
5,001 SF
Building Class
C
Year Built/Renovated
1958/2023
Price
£2,347,350
Price Per SF
£469
Net Initial Yield
6%
NOI
£140,841
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
0.53 AC
Zoning
CA, Renton
Parking
39 Spaces (7.8 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 420240-1500 | Improvements Assessment | £213,218 |
Land Assessment | £436,764 | Total Assessment | £649,981 |
PROPERTY TAXES
Parcel Number
420240-1500
Land Assessment
£436,764
Improvements Assessment
£213,218
Total Assessment
£649,981
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Kizuki Ramen Restaurant and Central Kitchen | 505 Rainier Ave N
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