22422 83rd Ave S | Kent, WA 98032
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- LoopNet Team
22422 83rd Ave S
Kent, WA 98032
7-Eleven - Kent · Retail Property For Sale
Investment Highlights
- BRAND NEW BUILD-TO-SUIT CONSTRUCTION OCCUPIED BY 7-ELEVEN CORPORATE, AN INVESTMENT GRADE CREDIT TENANT (S&P: AA-).
- ADJACENT TO A NEWLY CONSTRUCTED STARBUCKS DRIVE-THRU.
- STRONG LOCAL DEMOGRAPHIC WITH AVERAGE INCOMES OF $93,000 AND 262,000 RESIDENTS WITHIN 5 MILES.
- 15-YEAR NNN LEASE WITH 7.5% RENT INCREASES EVERY 5 YEARS.
- BENEFITS FROM COMMUTER TRAFFIC AND EXPOSURE TO 125,000 VPD, SITUATED DIRECTLY OFF HWY 167 ON-OFF RAMPS.
- CLOSE PROXIMITY TO NUMEROUS SEATTLE MSA EMPLOYERS, INCLUDING BOEING, R.E.I. HEADQUARTERS, AND AN AMAZON FULFILLMENT CENTER.
PROPERTY FACTS
Property Type
Retail
Building Size
3,010 SF
Year Built
2020
Building Height
1 Story
Building FAR
0.08
Lot Size
0.84 AC
Parking
5.32 Spaces per 1,000 SF Leased
PROPERTY TAXES
| Parcel Number | 132204-9354 | Improvements Assessment | $1,144,700 |
| Land Assessment | $909,800 | Total Assessment | $2,054,500 |
PROPERTY TAXES
Parcel Number
132204-9354
Land Assessment
$909,800
Improvements Assessment
$1,144,700
Total Assessment
$2,054,500
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