Prepared by https://www.commercialmls.com
1232 164th St SW Lynnwood WA 98087
Listing #: 708923 | Status: Available | Last Modified: 4/30/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Under Construction |
| # of Buildings | 0 |
| # of Floors | 1 |
| Total Building SF | 2,841 SF |
| Net Rentable Area | 2,841 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 35,719 SF |
| Acres | 0.82 |
| Year Built | 2026 |
| Property Type | |
|---|---|
| Property Type | Retail |
| Building Class | A |
| Location | |
|---|---|
| County | Snohomish |
| Market Area | Lynnwood |
| Tax ID # | 00373700600603 |
| Zoning | UC |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 30 |
| Total Parking Spots | 30 |
| Parking Ratio | 10.56 |
• Only Raising Cane's listed for sale in Washington (as of August 2025); 900+ locations nationwide • 15-year absolute NNN corporate ground lease, 10% rental bumps every 5 years, four 5-year options at 10% increases • Q2 2026 delivery — brand-new construction with dual-lane drive-thru and 10.5 spaces per 1,000 SF • Lighted hard corner on 164th St SW (50,000+ VPD), 1,000 feet from the I-5 interchange (180,000+ VPD) • Adjacent to a Walmart with 2.3M annual visits; co-tenancy includes Fred Meyer, Starbucks, Panda Express, Five Guys • 380,000+ residents within 5 miles; $149,000 average household income • 2,000+ multifamily units delivered within 2 miles since 2021, plus a 20-unit townhome project approved on the adjacent parcel • Raising Cane's posts the 2nd-highest AUV of any QSR brand in the
Raising Cane's Ground Lease - Lynnwood
1232 164th St SW Lynnwood WA 98087
Listing #: 708923 | Status: Available | Listing Date: 2/20/2026 | Last Modified: 4/30/2026 | Email Listing

