923 SW 152nd St
Retail | 7.00% CAP | 3,812 SqFt
Marketing description
NAI Puget Sound Properties is pleased to present 923 SW 152nd St, Burien, WA, a fully leased mixed-use retail asset located along Burien's highly trafficked and sought-after 152nd Street corridor. The 3,812 SF building sits on a 4,702 SF parcel and is anchored by The Tin Room Bar & Theater, a beloved Burien community staple that has operated successfully in this location for over 20 years.
The Tin Room occupies the primary retail space under a new 5-year, full triple-net lease, offering investors passive, management-light income backed by a proven, long-standing operator. The property also includes a secondary office tenant located in a mezzanine space above, providing additional income diversification.
Featuring a full-service bar, dining room, commercial kitchen, outdoor patio seating, and a unique in-place movie theater/event venue, the property benefits from strong experiential retail fundamentals that are difficult to replicate.
The Tin Room Bar & Theater has been a cornerstone of Olde Burien for 21 years, opening in 2004 after the historic Hi-Line Tin Shop (est. 1930)—Burien's longest continuously operating business—was transformed into the bar, restaurant, and theater that exists today. Located along Burien's premier SW 152nd Street corridor, the property has had only two owners since 1930 and benefits from strong foot traffic, walkability, and a loyal community following.
The Tin Room features a full-service bar with craft cocktails, local beers, and elevated American comfort food, along with an intimate dining room, patio seating, and a vintage on-site theater for private events and screenings. The venue has also been recognized by both The Seattle Times and The New York Times, reinforcing its reputation as one of Burien's destination establishments.
Investment highlights
- ICONIC LOCAL ANCHOR TENANT - Anchored by The Tin Room, a long-standing Burien institution with over two decades of operating history, drawing consistent local traffic and community engagement.
- NEW 5-YEAR NNN LEASE - Tenant operates under a fresh 5-year triple-net lease, minimizing landlord responsibilities and providing predictable, passive cash flow.
- EXPERIENTIAL RETAIL ASSET - Property includes a rare combination of bar, restaurant, outdoor patio, and private theater/event space—creating a destination-style tenant use resistant to e-commerce disruption.
- HIGH-VALUE, TURNKEY BUILDOUT - The extensive, high-quality improvements represent a significant capital investment that would be costly to replicate, offering a fully built-out, turnkey venue with strong tenant retention and long-term value.
- PRIME 152ND STREET CORRIDOR LOCATION - Positioned on one of Burien's most active retail corridors with strong visibility, consistent traffic counts, and proximity to dense residential and mixed-use developments.
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