Listed by Coldwell Banker Commercial Danforth
$1,200,000
White Center Retail
Details
APN 3203800120
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 5,600
Cap Rate 7.50%
Year Built 1960
Buildings 1
Stories 1
Acreage 0.270
Zoning CB
Retail | 7.50% CAP | 5,600 SqFt
Marketing description
Owner/User or Investment Opportunity for sale in the heart of White Center just off Roxbury Street. This 5,600 SF retail building offers flexibility for both investors and owner-users. The property is currently configured with four suites, fully leased on a month-to-month basis to a Mexican Deli Restaurant. The tenant is prepared to sign a new 5-year lease with a 5-year option, starting at $16/SF + NNN with 3% annual escalations, providing a 7.5% cap rate at stabilization. Located in the thriving White Center business district with excellent freeway access, this property offers stable income potential and strong long-term growth.
Listing Contacts
Listed by Coldwell Banker Commercial Danforth
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