Property Details

3205 NE 4th St

Renton, WA 98056

$3,300,000

Available

CBA# 710720 courtesy of CBA Listing firm: Linc Properties

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Office / Retail

Property Type

11,381

Bldg Sq Ft

5.00%

Cap Rate

1977

Year Built

Property Overview

We are pleased to present the opportunity to acquire a passive single-tenant net-leased investment property with a new 14-year base lease to one of the nation’s largest collision repair companies, Classic Collision. The property is centrally located in Renton, Washington one of Seattle’s desirable and growing “Eastside” submarkets. The investment is secured by a new 14-year corporate lease with Classic Collision following its acquisition of the long-established Renton Collision center that has been in continuous successful operation at this location for over 32 years. The new acquisition included a newly structured long-term lease with 2.5% annual increases and a passive operating expense structure offering excellent inflation-resistant and predictable returns. Classic Collision is one o