- For Sale $2,450,000
- Property Type Retail
- Property Size 10,240 SF
- Lot Size 0.68 Acre
- Date Updated Feb 23, 2026
Description
Strategically located on the corner of 16th Ave S & S 344th St, the property benefits from strong traffic counts, excellent visibility on a large parcel and close proximity to I-5 and Highway 99.This offering consists of a single-tenant automotive service property leased to Eagle Tire & Automotive, a well-established regional operator with a long operating history in the Puget Sound market.
Highlights
- Building Size: 10,240 SF
- Cap Rate: 6.20%
- Irreplaceable Corner Location Across from a Walmart Anchored Center
- Lot Size: 29,471 SF
- Low Current Rental Rate of $14.82/sf, with Market Rents of ~$18/sf
- Price: $2,450,000
- Single-Tenant Investment Leased to Eagle Tire & Automotive
- Tenant is a Regional Operator with Three Locations and a ~40 Year History
- Tenants Pays All Expenses Direct – Including Taxes and Insurance
- Three (3) Years Remaining on Lease with Two 5-Year Options at FMV
- Triple-Net Lease with Landlord Only Responsible for Roof/Structure
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Contacts
Kyle Sterling
NAI Puget Sound Properties
Location
Contact Listing Broker
Kyle Sterling
NAI Puget Sound Properties
