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31780536
31780537

258 N Hill Blvd, Burlington, WA 98233

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
TL
WA 24007779
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$1,940,000
48 days on market
Updated 48 days ago

Crash Champions | 12+ Year NNN Lease | 3% Annual Increases

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 7,020
Net Rentable (SqFt) 7,020
Units 1
Cap Rate 5.75%
NOI $111,458
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 12/31/2038
Remaining Term 12.6
Rent Bumps Yes
Lease Options Two (2) 5-Year Options
Price per SqFt $276
Broker Co-Op Yes
Year Built 2002
Buildings 1
Stories 1
Acreage 1.140
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2024
Occupancy Date 01/01/2024
Ground Lease No
Ownership Fee Simple

Corporate Guarantee (650+ Locations)

Marketing description

Brown Retail Group of Marcus & Millichap has been selected to exclusively market for sale a 12+ year corporate Crash Champions in Burlington, WA. The property features a long-term, 12+ year NNN lease with minimal landlord responsibilities, backed by Crash Champions, LLC, a leading national collision repair operator with over 650 locations across 38 states. The lease includes rare 3.00% annual rent increases throughout the initial term and option periods, providing consistent NOI growth and strong inflation protection. The property has been operated as a collision repair shop for more than 24 years and benefits from established traffic patterns. Strategically located in an automotive corridor with signage visibility to I-5 (54,000+ VPD) and limited nearby competition, the Property benefits from a broad regional draw and stable demand drivers, supported by a population of approximately 90,000 residents within a ten-mile radius and average household incomes exceeding $108,000. Additionally, Washington’s lack of state income tax further enhances after-tax returns, making this an attractive opportunity for investors seeking durable cash flow, growth, and long-term stability.

Investment highlights

12+ Year NNN Lease

Strong Corporate Guarantee | 650+ Locations

Rare 3.00% Annual Rent Increases

Limited Collision Repair Competition | Regional Draw

Established Collision Repair Site for 24+ Years

Strategic Location with Visibility to I-5 (54,000+ VPD) and Easy Access

Listing Contacts

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
TL
WA 24007779
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,458.00
$9,288.17/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Clayton J. Brown
License
WA 123258
Brokerage Phone
(206) 826-5787
Name
Trevor Lane
License
24007779
Brokerage
Marcus & Millichap
Title
Brokerage Coordinator
Brokerage Address
401 Union Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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