4800 Erskine Way Southwest
Seattle, WA
Price:
$3,000,000
Cap Rate:
4.00%
NOI:
$120,000
Building Size:
Approx. 2,160 Sq. Ft.
Lot Size:
Approx. 0.16 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
1973
Investment Overview
- 2,160+/- SF Building on 0.16+/- Acre Site
- 13-year corporate lease with a 10% increase in 2028 and every 5-years after
- Located at California Ave, Erskine Way, and Edmunds St. in a triangular intersection
- Above average demographics | Within a 1-mile radius there are 27,293 people with an average household income of $114,457
- Subject 7-Eleven is a few blocks from LA Fitness and the new Legacy at Fauntleroy, a 30 unit multi-family project
- 5-miles from downtown Seattle | Major employers headquartered include Amazon, Starbucks, Costco, Microsoft, and many more