Les Schwab Tire Center
354 Union Ave NE, Renton, WA 98059
Les Schwab Tire Center in Renton, WA for sale.
Type:Commercial
- Added:
- Apr 14, 2025
- Days on Market:
- 416
- Last Refresh:
- May 10 at 9:18 pm
Property Features for 354 Union Ave NE
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing agent SHERRY SCHOEN
Listing office KIDDER MATHEWS
Listing date Apr 14, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KIDDER MATHEWS
HighLights
- Corporate guaranteed, 20‑year Absolute NNN lease provides stable, long‑term cash flow.
- 10% rent escalations every 5 years ensure increasing returns.
- Strong creditworthy tenant (Les Schwab) with a proven track record.
- Absolute NNN lease structure means no landlord responsibilities.
- Fee‑simple interest acquisition.
- Located in the heart of Renton, Washington.
Overview
This offering presents the opportunity to acquire a fee-simple interest in a Les Schwab Tire Center located in Renton, Washington. The property is subject to a corporate-guaranteed, 20-year Absolute NNN lease. The lease includes 10% rent escalations every 5 years. This investment offers stable cash flow and a fixed return through a long-term lease with a creditworthy tenant. The tenant has a proven track record, and the lease structure provides for no landlord responsibilities.
Property Profile
Location Intelligence
Current Use by Public Records
Automotive properties
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Location Insight
- Map
- Local Demand
- City
- Renton
- County
- King
- State
- Washington
- Longitude
- -122.164
- Latitude
- 47.4877
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Les Schwab Tire Center in Renton, WA for sale.
Where is this automotive property located?
The property is located at 354 Union Ave NE Renton, WA.
What is the asking price?
The asking price for this property is $6,080,000.
What are key features of this property?
This property features: Corporate guaranteed, 20‑year Absolute NNN lease provides stable, long‑term cash flow.; 10% rent escalations every 5 years ensure increasing returns.; Strong creditworthy tenant (Les Schwab) with a proven track record.
