7-Eleven Seattle, WA

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