Listed by Kidder Matthews, Kidder Mathews Tacoma
Unpriced
5211 20th St E
Details
Property Type Retail, Land
Sub Type Restaurant, Commercial
Cap Rate 5.50%
Tenancy Multi
Brand/Tenant Starbucks
Lease Type NNN
Acreage 0.59 - 1.21
Ground Lease Yes
Retail | 5.50% CAP
Marketing description
Option to buy Former Johnny’s at Fife Restaurant situated on 1.21 acres alone or both Former Johnny’s at Fife Restaurant and Starbucks as a package. Excellent property, located immediately off I-5, in the heart of Fife. As a package, a Free Standing Starbucks, with drive-through, together with highly visible large restaurant building.
The restaurant building could be purchased separately. This is one of the only Freeway Properties Available in this market!
Call listing brokers for details.
Investment highlights
- Combine Price $4,320,000
- Combined Land: 78,592 Sf / 1.8 Ac
- Former Johnny’s at Fife Restaurant:-
- Available For Lease or Sale
- Building: 7,469 SF
- Land: 52,795 SF / 1.21 AC
- Second Generation Restaurant
- Purchase Price: $1,600,000
- Ground Lease: $130,000 per year, plus NNN
- Lease Rate: $20 PSF, plus NNN
- Starbucks:-
- Available For Sale (As Package Only)
- Building: 2,200 SF
- Land: 25,800 SF / 0.59 AC
- Price: $2,720,000
- Cap Rate: 5.5%
Listing Contacts
Listed by Kidder Matthews, Kidder Mathews Tacoma
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