7-Eleven - West Seattle - NNN Lease
100% Leased, NNN, 9.5 Year Remaining Term, NFA Letter
Marketing description
Prime commercial real estate secured by a corporate-guaranteed 7-Eleven lease with 9.5 years of remaining firm term. Located at a high-visibility, high-traffic intersection at 9200 35th Ave SW, this hands-off NNN asset offers immediate, stable cash flow at an attractive 5.6% CAP rate. This property has been meticulously qualified for a smooth transaction: a No Further Action (NFA) letter is in hand from the Department of Ecology, the underground storage tanks are double-walled fiberglass, and the tenant has officially declined their Right of First Offer (ROFO). Perfect for 1031 exchange buyers seeking a passive, low-risk corporate tenant in a robust, high-demand Seattle submarket.
Investment highlights
Prime commercial real estate secured by a corporate-guaranteed 7-Eleven lease with 9.5 years of remaining firm term. Located at a high-visibility, high-traffic intersection at 9200 35th Ave SW, this hands-off NNN asset offers immediate, stable cash flow at an attractive 5.6% CAP rate. This property has been meticulously qualified for a smooth transaction: a No Further Action (NFA) letter is in hand from the Department of Ecology, the underground storage tanks are double-walled fiberglass, and the tenant has officially declined their Right of First Offer (ROFO). Perfect for 1031 exchange buyers seeking a passive, low-risk corporate tenant in a robust, high-demand Seattle submarket.
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