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Brian Leibsohn
Direct: (425) 455-3131
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Linc Properties
Main: (425) 455-3131
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FOR SALE - Listing #: 710720
Classic Collision Renton
3205 - 0 NE 4th St , Renton WA98056
Agent Remarks
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
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County
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King
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Market Area
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Renton
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Tax ID #
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1623059112
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Price
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$ 3,300,000
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Property Details
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Prop Type
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Retail
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# Floors
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1
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Bldg SF
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11,381
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Year Built
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1977
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Land SF
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37,026
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# Bldgs
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1
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Acres
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0.85
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# Parking Spaces
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0
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Office Class
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Informational Links
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