Freestanding Building for Sale

Investment Overview

Introducing an exceptional investment opportunity at 18205 SR-99 Unit 105, Lynnwood, WA. This 8,900 SF retail/freestanding building boasts a prime location and a solid leasing history, with 100% occupancy. Renovated in 2012, this commercial property offers a lucrative income stream, featuring a current rent of $204,000 per year at a 5.23% cap rate, with increasing yields through lease renewals up to 2042. Zoned for commercial use, this property presents a compelling prospect for retail investors seeking a reliable, high-performing asset. Don't miss out on this turnkey investment with promising rental escalations and strong potential for long-term returns.

Investment Highlights

• Current rent per year $204,000 5.23% cap rate
• Lease renewal 2028 rent per year $219,300 5.6% cap rate
• Lease renewal 2033 rent per year $235,740 6% cap rate
• Lease renewal 2038 rent per year $253,428 6.5% cap rate
• Lease renewal 2042 rent per year $272,424 7% cap rate