Listed by Kidder Mathews Seattle
$1,400,000
Ace Hardware - Sequim
Details
APN 043022580040
Property Type Retail
Square Footage 13,000
Units 1
Cap Rate 6.50%
NOI $90,996
Occupancy 100%
Tenancy Single
Brand/Tenant Ace Hardware , Ace Hardware
Lease Type NNN
Price per SqFt $108
Year Built 1996
Lot Size (SqFt) 39,364
Ground Lease No
Ace Hardware NNN | 6.50% Cap | $1,400,000
Marketing description
Kidder Mathews is please to present the opportunity to acquire the Ace Hardware in Sequim, WA a NNN investment opportunity featuring 10-year NNN lease with over 8 years of term remaining, delivering stable long-term cash flow with minimal landlord responsibilities. The property has benefited from approximately $500,000 in recent capital improvements by current ownership and the tenant to support Ace Hardware's occupancy. A new roof is currently being installed.
Investment highlights
- 8+ years remaining on original 10 year NNN lease providing a passive investment with minimal landlord responsibilities and stable, long-term cash flow
- Current ownership and tenant has invested $500,000 into capital improvements to the building for Ace Hardware’s occupancy. A new roof is currently in the process of being installed
- Ace Hardware is a nationally recognized, essential-use retailer with consistent performance through economic cycles
- Backed by an experienced regional ownership group (Broadway Hardware Group) with 9 locations in Washington and Oregon
- Sequim serves as a primary retail and service center for the surrounding Olympic Peninsula, with barriers to entry limiting big-box competition
- Positioned near U.S. Route 101, the area’s main arterial connecting Sequim to Port Angeles and the broader peninsula
Listing Contacts
Listed by Kidder Mathews Seattle
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,996.00
$7,583.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
