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Raising Cane's Ground Lease - Lynnwood

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Raising Cane's Ground Lease - Lynnwood

1232 164th St SW, Lynnwood, WA 98087
Retail For Sale Available Built 2026 1 floors Zoning: UC
Asking Price
$5,000,000
Total Building2,841 SF
Land35,719 SF land
Parking Total30
& Uncov.
MarketLynnwood
CountySnohomish

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Overview

Property ID
306246
Listing ID
708923
Type
Retail
Asset Class
Retail
Zoning
UC

Description

• Scheduled to finish construction in the second quarter of 2026, operating on a 15-year absolute net corporateground lease.• 10% rental increases every five years, with five year renewal options at 10% increases.• Incredible lighted corner location on 164th St SW with 50,000+ vehicles per day, and only 1,000 feet from theI-5/164th St SW interchange, where traffic exceeds 180,000 vehicles daily.• The Property is adjacent to a Walmart location that welcomed 2.3M visits in the past year. Other nearby nationaltenants include Fred Meyer, Starbucks, Panda Express and Five Guys.• 380,000+ people within 5 miles of the Property, earning an average household income of $149,000.• There are currently over 900 Raising Cane’s locations in the U.S., with this being the only location currently li

Listing Courtesy of:

ST
Sean Tufts
Northmarq Commercial, LLC
130 Nickerson Street, Ste 211,
Seattle, WA 98109
State: WA City: Lynnwood ZIP: 98087 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.