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Classic Collision Renton

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Classic Collision Renton

3205 NE 4th St, Renton, WA 98056
Retail For Sale Available Built 1977 1 floors Zoning: CA
Asking Price
$3,300,000
Total Building11,381 SF
Land37,026 SF land
MarketRenton
CountyKing

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Overview

Property ID
306597
Listing ID
710720
Type
Retail
Asset Class
Retail
Zoning
CA

Description

We are pleased to present the opportunity to acquire a passive single-tenant net-leased investment property with a new 14-year base lease to one of the nation’s largest collision repair companies, Classic Collision. The property is centrally located in Renton, Washington one of Seattle’s desirable and growing “Eastside” submarkets. The investment is secured by a new 14-year corporate lease with Classic Collision following its acquisition of the long-established Renton Collision center that has been in continuous successful operation at this location for over 32 years. The new acquisition included a newly structured long-term lease with 2.5% annual increases and a passive operating expense structure offering excellent inflation-resistant and predictable returns. Classic Collision is one o

Listing Courtesy of:

BL
Brian Leibsohn
Linc Properties
3015 241st Ave SE,
Sammamish, WA 98075
State: WA City: Renton ZIP: 98056 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.