Property Details

Investment Opportunity: Grab-N-Go Convenience Store with NNN Lease

Price Reduced to $450,000

1,452 +/- SF | +/- $310

808 W. Washington Ave.
Sequim, WA 98382

Price: Price Reduced to $450,000
Building Size: 1,452 +/- SF
Price/SF: +/- $310
Property Type: Land
Property Sub-type: Investment
  • Convenience Store
No. Stories: 1
Year Built: 1986
Lot Size: 0.17 +/- AC
APN / Parcel ID: 21010
Listing ID B01-WA

HIGHLIGHTS

  • Absentee owner
  • Very flexible tenant (willing to sign long term lease if desired)
  • Very easily accessible with dual ingress/egress with ample parking
  • Heavy retail and restaurant area: near to Domino’s Pizza, McDonald’s, Dairy Queen, Sequim West Inn & RV Park, JC Penny, Ross Dress for Less, Costco, Discount Tire & more.
  • Includes Real Estate

DESCRIPTION

  • Store has been updated with fresh paint and new signage
  • Property ID: 21010
  • Lot size: 0.17 +/- AC
  • Building size: 1,452 +/- SF
  • Built in 1986
  • One story

 

LEASE TERMS

  • NNN Lease
  • Lease subject to adjustment after 5 years
  • Rental Income $2,600 per month
  • NOI $31,200 annually
  • 13+ years remaining on current lease
  • Very flexible tenant (willing to sign long term lease if desired)

 

LOCATION DESCRIPTION

  • Located on the northside of Washington St., just west of 7th Ave. in Clallam County
  • Washington St. is a 2 lane road with a continuous turn lane
  • Population: 5,077 (1 mile); 17,654 (3 miles); 24,229 (5 miles)
  • Population expected to increase nearly 4% by 2022
  • Average household income: $51,470 (1 mile); $56,948 (3 miles); $60,142 (5 miles)
  • Average daily traffic of 15,000 vehicles
  • Heavy retail and restaurant area: near to Domino’s Pizza, McDonald’s, Dairy Queen, Sequim West Inn & RV Park, JC Penny, Ross Dress for Less, Costco, Discount Tire & more.

 

Sale is conducted in conjunction with Washington state-licensed Broker Terence Welsh, Bridgeview Brokers, Inc., License #17440.

Investment Opportunity: Grab-N-Go Convenience Store with NNN Lease

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