$1,499,000 $8,047 est/mo Sourced by Back At You

221 Central Avenue,Kent, WA 98032

Kent WA, 98032

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Description

Don't miss out on this incredible investment property with a nationally recognized credit tenant - Jack in the Box. Located on a heavily traveled arterial in downtown Kent, this prime corner lot is in close proximity to the mall, ShoWare Center, City Hall, and Transit Center. The building, completely re-built in 2011, showcases Jack in the Box's new restaurant model with outdoor service counters, a small patio area, drive-through lane, and ample parking. With over 50 years of history at this location, Jack in the Box has signed a long-term lease running through 2026, with two five-year extensions and 10% annual escalators at each option renewal. The lease is NNN, providing a hassle-free investment experience. Featuring at a 5.03% Cap rate

Details

MLS#2199397
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year2011
Days On Site106
Listing Provided ByCOMPASS | Michael Piccolo

Features

Units1
Acreage0.31

Market Activity 98032

 The three trees icon appears on listings courtesy of NWMLS.

 Listings courtesy of NWMLS as distributed by MLS GRID.

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Listings Checked: 4 minutes ago
StateWA
CountyKing
CityKent
Zip Code98032
Area330 Kent
Community NameKent
Listing VS Median (in Kent)
Price:
$1,499,000
low | high
Med:
$714,250
100% of Average
On Site:
106
low | high
Med:
52
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 10:43:03 AM PDT