Moreland & Sons Auto | 9707 Key Peninsula Hwy NW
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Moreland & Sons Auto 9707 Key Peninsula Hwy NW
3,488 SF Retail Building Gig Harbor, WA 98329 £665,075 (£191/SF) 7.06% Net Initial Yield
Executive Summary
Rare Opportunity To Own A 6 Bay Auto Repair Building! 2.47-Acres. 250ft Of Frontage! Fenced Area For 50 Cars, Dual Drive-Through Entries, Wired Security, & More! The Lease For The Business To Be Negotiated With Seller, Currently Offered At $5,000 Per Month, Triple Net, A 7% CAP! The Fully Stocked Auto Repair Business Is Being Sold Separately For $849,990, A 33.5% CAP Rate! (Listing # 2217930) 17 Years Of Thriving Business! The Real Estate And Business Can Be Purchased Together For $1,699,980 (20.3% CAP!)
Ask About SBA Loan!
This Sale Is Subject To Sale of Business On Property.
SHOWING BY APPOINTMENT ONLY; 3 PM OR LATER. NO DRIVE BY OR SHOWINGS DURING BUSINESS HOURS. Listing Agent Must Be Present.
Ask About SBA Loan!
This Sale Is Subject To Sale of Business On Property.
SHOWING BY APPOINTMENT ONLY; 3 PM OR LATER. NO DRIVE BY OR SHOWINGS DURING BUSINESS HOURS. Listing Agent Must Be Present.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,488 SF
Building Class
C
Year Built
2002
Price
£665,075
Price Per SF
£191
Net Initial Yield
7.06%
NOI
£46,947
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
2.47 AC
Zoning
RAC - Commercial zoning with lots of potential uses
Parking
14 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
250 ft on Key Peninsula Hwy
PROPERTY TAXES
| Parcel Number | 002236-4007 | Improvements Assessment | £114,707 |
| Land Assessment | £335,906 | Total Assessment | £450,613 |
PROPERTY TAXES
Parcel Number
002236-4007
Land Assessment
£335,906
Improvements Assessment
£114,707
Total Assessment
£450,613
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Moreland & Sons Auto | 9707 Key Peninsula Hwy NW
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