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13450 1st Ave S
Burien, WA 98168
Asking Price
$2.00M
Cap Rate
3.15%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
In-Place Income | Signalized Hard Corner (22,000+ VPD) <p>Owner/User Opportunity</p><p>Option to Retain In-Place Income from Restaurant | ~$5,000/Month</p><p>Long-Term Billboard Lease with Significant Upside</p><p>High-Visibility, Signalized Hard-Corner Location (22,000+ VPD)</p><p>Located Nearby Top 2% Ranked, High-Traffic Fred Meyer</p><p>Flexible Zoning (MU-2) with Long-Term Redevelopment Potential</p><p>Strong Retail Trade Area Surrounded by National Tenants</p><p><span style="color: rgba(0, 0, 0, 1)">Constrained Retail Supply | 1.3% Market Vaca
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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905
